European stocks erased early gains to turn mostly lower in the mid-day session on Monday as a planned merger between the London Stock Exchange and Deutsche Bourse hit a roadblock.
Brexit worries also weighed as media reports suggested that U.K Prime Minister Theresa May’s team is preparing for Scotland to potentially call for an independence referendum in March.
However, there is some respite surrounding France’s presidential election as two weekend polls showed that France’s independent presidential candidate Emmanuel Macron got his biggest lead over Republican Francois Fillon and began narrowing the gap with National Front leader Marine Le Pen.
Meanwhile, U.S. President Donald Trump is set to make his first address to a joint session of Congress on Tuesday night and he is expected to give some clarity on his fiscal and tax policies.
In economic releases, a number of U.S. economic data is scheduled to be released this week, including reports on durable goods orders, pending home…