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European Shares Seen Edging Lower on High Oil

European equities were seen edging lower on Monday in their last session of the quarter, falling for the seventh time in nine sessions as rising oil prices kept inflation worries at the forefront of investors' mind.

Financial bookmakers, or spread betters, in London expected Britain's FTSE 100 index to open between 11 and 15 points lower, the German DAX 9 to 13 points lower, and the French CAC 40 14 to 15 points lower.

The FTSEurofirst 300 index of top European shares lost 2.5 percent last week on worries of persistently high energy prices, slowing economic growth and the impact of the credit crisis on banks.

Europe's benchmark index has lost 21 percent so far, and is down 27 percent since reaching a multi-year peak last summer.