European equities are expected to open lower on Monday after an uninspiring lead from Asia overnight and Wall Street Friday.
Europe is set to be influenced by lackluster trade in Asia Monday where equity markets were mixed on Monday, with data from the world's second largest economy in focus.
Chinese industrial profits declined 8.8 percent on year in August, worse than July's 2.9 percent fall, the National Statistics Bureau announced at the market open. For the first eight months of the year, profits slid an annual 1.9 percent.
In Europe news, the International Monetary Fund is likely to revise downwards its estimates for global economic growth due to slower expansion in emerging economies, IMF head Christine Lagarde said in a Les Echos newspaper interview, Reuters reported.
Source:CNBC
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