European Shares Set to Open Mixed


European equities were seen mixed on Monday, after the previous session's heavy loss, as investors brace for UK inflation figures and an update from HSBC.

Financial bookmakers, or spread betters, in London expected Britain's FTSE 100 index to open between 2 and 6 points lower, the German DAX 6 to 7 points down, and the French CAC 40 as many as 5 to 12 points down.

"... scope for early volatility in London trade shouldn't be ruled out with the release of the UK PPI data for April scheduled this morning," Matt Buckland, trader at CMC Markets, wrote in a note.

UK price producer index, a key inflation measure, is expected Monday morning.

The FTSEurofirst 300 index fell 1.3 percent on Friday, to close at 1,342.68 points, hit by downbeat earnings from financial services firms and record high oil prices.