Euro Shares Seen Sliding, Tracking Asia, US Markets

European shares are set to open down as much as 1.3 to 1.5 percent on Monday, tracking weakness in the U.S. and Asian markets, according to financial bookmakers.

Financial bookmakers in London expected Britain's FTSE-100 to open as much as 1.4 percent lower, Germany's DAX to open down as much as 1.3 percent and France's CAC 40 to open as much as 1.5 percent lower.

Asian shares fell on Monday after surging U.S. inflation and high oil prices fanned concerns that the Federal Reserve may be unable to make deeper rate cuts due to prevent a possible recession.