European shares were lower in morning trade on Monday with investors looking ahead to a key Federal Reserve policy meeting this week as well as a referendum on Scottish independence.
The pan-European Euro Stoxx 600 Index was lower with investors still showing caution about the future path of interest rates in the U.S. Treasury yields in the U.S. continued to tick higher on Monday morning with a key policy meeting due this week. The Fed’s statement is due on Wednesday with a press conference with Chair Janet Yellen shortly afterwards.
“U.S. data is now consistently humming…this is causing mass speculation that a language change to the (Fed’s) statement is imminent,” Evan Lucas, a market strategist at IG Markets said in a research note.