European Shares May See Soft Opening On Rate-hike Worries

European stocks may drift lower at open on Monday, with trading volumes likely to remain thin amid the Labor Day holiday in the United States.

Inflation and interest-rate worries returned to the fore as a robust U.S. jobs report raised the probability that the Federal Reserve will increase its key interest rate at its upcoming policy meeting later this month.

Market attention is currently focused on critical U.S. inflation data due this week, which could heavily influence the Fed’s rate trajectory and investors’ appetite for risk.