European stocks seen bit lower at open

The pan-European Stoxx 600 finished marginally lower, snapping a three-day winning streak but adding 0.4 percent for the week

European stocks may drift lower at open on Monday.

The Bank of Canada, Swiss National Bank and Reserve Bank of Australia will announce their monetary policy decisions this week.

On the earnings front, corporate earnings reports, including those from Oracle, Broadcom and Adobe may garner investor attention this week.

In Europe, German industrial production data and Eurozone Sentix investor confidence survey results will be in the spotlight later today.

Asian markets were mixed as investors reacted to rising Japan-China tensions and weak GDP data from Japan.

Yuan jumped on upbeat trade data and signs of easing trade tensions. China’s exports bounced back in November after an unexpected decline the previous month.

Elsewhere, French President Emmanuel Macron warned of potential tariffs if Beijing does not act to lower its substantial trade surplus with Europe.

The U.S. dollar was steady after two straight weeks of declines. Gold held firm above $4,200 an ounce after data released on Sunday showed China’s central bank added to its reserves for a 13th straight month in November.

European stocks closed mixed on Friday, failing to sustain early gains. The pan-European Stoxx 600 finished marginally lower, snapping a three-day winning streak but adding 0.4 percent for the week.

The German DAX jumped 0.6 percent while the U.K.’s FTSE 100 shed half a percent and France’s CAC 40 finished marginally lower.

Meanwhile, the delayed U.S. JOLTS report, weekly jobless claims figures and the employment cost index are due this week.

The U.S. central bank is widely expected to lower rates by a quarter point on Wednesday and remarks from central bank Chair Jerome Powell at the post-meeting press conference could shed light on the central bank’s plans for 2026.