European stocks are expected to open lower on Monday as investor sentiments is rattled by concerns that the U.S. Federal Reserve could be considering an imminent interest rate hike.
The London FTSE index is expected to open 96 points lower at 6,680, the German DAX down 231 points at 10,342 and the French CAC down 84 points at 4,407.
Meanwhile, Asian shares tumbled on Monday after major U.S. indices posted their worst drop since Brexit on Friday amid concerns central banks will become less accommodative.
Traders have been closely following comments by Fed officials for clues on the timing of a rate hike in the U.S. Recently, Fed speakers have sounded more hawkish. On Friday, Boston Fed President Eric Rosengren had said that the U.S. economy has proven to be more resilient to exogenous risks and that "gradual tightening is likely to be appropriate."
In business news, shares of Samsung touched a 2-year low on the Kospi index Monday as the South Korean company and several airlines urged all customers to stop using the Galaxy Note 7 smartphones amid concerns over fire-prone batteries.
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