European Shares Set for Lower Start After Selloff


European shares are expected to open slightly lower on Monday, after Wall Street stocks posted their worst decline in three months last week, but UK and U.S. markets remain closed for public holidays.

Financial spreadbetters expect Frankfurt's DAX to open 6 points lower and France's CAC-40 to open down 8 to 10 points.

The FTSEurofirst 300 index of top European shares fell 3.2 percent last week in its largest weekly slide in over two months.

Concerns about the spread of inflation and its impact on corporate profitability as crude oil prices hit new peaks hit Asian stocks overnight.

No major macro economic data or updates from European companies are due on Monday.

Stocks trading ex-dividend include BNP Paribas, Galp Energia, Telekom Austria and Swatch Group.