Europe Stocks Seen Lower on Renewed Debt Worries

European equity markets are expected to open lower Monday as renewed concerns over the euro zone debt crisis take hold.

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The FTSE 100 is seen starting the trading day lower by 9 points, the DAX is seen down by 42 points and the CAC similarly is called down by 5 points.

Asian shares closed lower after Friday saw a sell off in both U.S and European markets following a sharp rise in Spanish bond yields as investors remain unconvinced about the country’s ability to stave off an economic crisis.

In an attempt to dispel some of the renewed concerns over the euro zone’s debt crisis, Joerg Asmussen, European Central Bank policymaker said the worst of the crisis was over and individual governments must now act to remove any further risks.

Sunday saw Nicolas Sarkozy and Francois Hollande hold open air rallies as French election campaigning ramps up with a week to go before polling takes place.

The Sunday Times reported over the weekend that private equity firm KKR is working on a deal to buy the diamond mining units of BHP Billiton and Rio Tinto.

The European Commission, the ECB and the IMF will be in Dublin this week as part of their quarterly reviews of the country following its 2010 bailout.

The trial between Google and Oracle over Google’s Android mobile telephone software is expected to start Monday. Pre-trial settlement talks between the two failed to reach agreement.