European Stocks Set for Steady Start

European shares look set for a fairly flat open on Monday ahead of light a session for both earnings and macroeconomic data.

Spread betters in London expect the FTSE 100 Index to open down 4 points to up 3 points, Frankfurt's DAX to open down 5 to 16 points and the CAC 40 to open unchanged to down 14 points.

The euro rallied for a third consecutive day against the dollar and held above $1.40, keeping up the pressure on major exporters, while a dip in crude oil futures could dampen oil producers.