European Stock Futures Lower, Consolidating Ahead of ECB Meeting

European stock markets are seen opening slightly lower Monday, consolidating from record levels with the corporate earnings season to continue and investors awaiting the latest European Central Bank meeting.

At 3:05 AM ET (0705 GMT), the DAX futures contract in Germany traded 0.3% lower, CAC 40 futures in France dropped 0.8% and the FTSE 100 futures contract in the U.K. fell 0.3%.

Global stock markets have been riding high of late, helped by strong corporate earnings, the expectation monetary policy will remain accommodative the world over and the continued rollout of Covid-19 vaccines. In Europe, the DAX traded at a record level on Friday, the CAC 40 climbed to its highest level in over 10 years, and the FTSE 100 traded at a 52-week peak. 

The pan-European Stoxx 50 climbed down by 0.19% to 4,035.5. In the cash markets, the DAX futures Germany was trading up 0.08% to 15,489.00. CAC 40 futures in France up by 0.10% to 6226.00 while the FTSE 100 futures in the U.K. up by 0.34% to 6,975.0, at the time of writing.

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CAC 40:

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