European markets head for lower open amid global market caution

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European stocks are expected to open lower Monday amid cautious trade in global markets.

European markets look set for a lackluster open, following a trend set in the U.S. and Asia; U.S. stock futures held steady in overnight trading on Sunday after the S&P 500 and the Nasdaq Composite snapped a two-week winning streak with a loss of 0.7% and 1.6%, respectively, last week.

The 10-year Treasury yield jumped 14 basis points last week to 1.34%, near its highest level since February 2020. So far this month, the benchmark rate has moved up 25 basis points.

 

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