European equities are expected to open to mixed trade Monday as geo-political tensions continue to rattle sentiment.
The last day of the Group of Seven (G-7) summit in the Bavarian Alps is in focus for markets on Monday with Russia and protracted negotiations over a Greek reform deal heading the agenda.
On Sunday, leaders from the G-7 decided to keep sanctions against Russia in place until its President Vladimir Putin and Moscow-backed separatists fully implement ed the terms of a peace deal for Ukraine.
Any loosening of European Union sanctions against Russia over Ukraine lies to a large extent in Moscow's hands, German Chancellor Angela Merkel told ZDF television on Sunday.
Elsewhere in Europe, the negotiations between Greece and its international creditors over a reform deal are expected to continue this week.
Tensions over the protracted nature of negotiations came to a head Sunday when European Commission President Jean-Claude Juncker accused the Greek Prime Minister Alexis Tsipras of distorting reform proposals by Greece's creditors and of dragging his feet in offering an alternative plan.
In business news, Germany's largest lender Deutsche Bank announced on Sunday it was appointing a new chief executive – John Cryan, former UBS chief financial officer – to replace Anshu Jain and Jürgen Fitschen.
Meanwhile in Asia, stocks turned mixed early Monday with China's Shanghai Composite index scaling fresh seven-year peaks, as investors reacted to a raft of economic data.
China's yuan-denominated imports tumbled 17.9 percent in May from a year earlier, while exports fell by 2.5 percent, producing a near-record monthly trade surplus of 366.8 billion yuan ($59.49 billion).
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