London LTSE will open with 1 point lower, german DAX with 20 points lower and french CAC with 8 points lower.
Investors are increasingly worried over the upcoming referendum in Italy that could potentially lead to the fall of the Italian government and raise possible concerns over the recapitalization of the banking system.
Meanwhile, oil prices fell on Monday morning as uncertainty on an OPEC deal intensifies. OPEC members are holding bilateral meetings as they try to reach an agreement at a general meeting on Wednesday.
Futures of Brent oil is 47.46 dollars for barrel, and WTI 45.98 dollars for barrel.
Mario Draghi is set to speak today at 14:00 GMT.
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