The FTSE 100 is seen down by 4.5 points at 5,577, while the EURO STOXX 50 is also down by 1.8 points at 2,958. It comes as London’s FTSE 100 fell on Friday and logged its biggest monthly drop since March as the second coronavirus wave takes its toll on the country.
On Saturday Prime Minister Boris Johnson confirmed that England will be entering a second lockdown on Thursday after the surge in COVID-19 cases and deaths.
EU and British Brexit negotiations are also set to continue in Brussels on Monday.
If the two sides do not agree on a trade deal, it has been estimated that $900 billion (£696 billion) of annual bilateral trade in goods and services would be damaged from the start of next year.
FOLLOW BELOW FOR LIVE UPDATES FROM EXPRESS.CO.UK
12.37pm update: UK airline easyJet uncertain on full-year results date
Britain’s easyJet said the date of its full-year results was not confirmed, having previously said they would be published on November 17 before new lockdowns across Europe led to a deepening of the COVID-19 crisis for airlines.
An easyJet spokeswoman said: “The date of reporting our full-year results is not currently confirmed. We will update the market once a date has been confirmed.”
Even before new lockdowns were announced in England, France and Germany, easyJet had been considering options to bolster its finances. Its balance sheet has come under increasing strain as a second wave of the pandemic stopped dead a recovery in travel.
Any delay in publishing its results would add to investor uncertainty.
The airline warned in October that it would make an annual loss of as much as 845 million pounds for the 12 months that ended in September. It said at that time it would publish results on November 17.
11.19am update: The US counties Wall Street will be tracking on election night
ARIZONA MARICOPA COUNTY: The most populous county in the battleground state, and one Republican President Donald Trump won by roughly three points in 2016. Multiple investors singled out Maricopa as one to watch. The county had 1.25 million ballots returned by October 26.
FLORIDA BROWARD COUNTY: A strongly Democratic county in southeastern Florida, investors said Broward could indicate how much enthusiasm there is for Democratic contender Joe Biden from younger and Latino voters.
DUVAL COUNTY: Home to the city of Jacksonville, Trump captured Duval in the 2016 election by just 6,000 votes out of over 400,000 cast.
JEFFERSON COUNTY: Just east of Tallahassee, the smaller northern Florida county narrowly favored former President Barack Obama in 2008 and 2012 but flipped to Trump in 2016. It is seen by investors as a potential “pivot” county again.
MIAMI-DADE COUNTY: The Miami-area behemoth, the county is Florida’s most populous. Solidly Democrat in the last three elections, investors see it as a bellwether for pro-Biden turnout.
MONROE COUNTY: Another of Florida’s pivot counties, the Florida Keys voted for Obama twice but switched to Trump in 2016.
PINELLAS COUNTY: The county, which includes St. Petersburg on Florida’s central west coast, narrowly flipped to Trump in 2016 after favoring Obama in 2008 and 2012. Investors said the county’s older population could be an indicator for support for Trump among senior citizens.
SEMINOLE COUNTY: Trump won Seminole by about 1.5 points in 2016, narrower than the 6.5 point margin that Republican candidate Mitt Romney had over Obama in 2012.
SUMTER COUNTY: The central Florida county west of Orlando includes The Villages, a massive retirement community recently in the news for its pro- and anti-Trump political rallies.
9.41am update: Euro zone factory activity boomed in October as Germany roared
Manufacturing growth in the euro zone soared in October but the recovery from severely depressed activity at the height of the coronavirus pandemic was again mostly driven by a buoyant Germany, a survey showed.
Also likely of concern to policymakers, and highlighting a further divergence in the recovery, a flash reading of the overall survey showed activity in the bloc’s dominant service industry contracted last month as a second wave of the virus swept across Europe.
Still, IHS Markit’s final Manufacturing Purchasing Managers’ Index climbed to 54.8 in October from September’s 53.7, its highest reading since July 2018 and ahead of the 54.4 flash estimate. Anything above 50 indicates growth.
An index measuring output, which feeds into a Composite PMI due on Wednesday and seen as a good gauge of economic health, bounced to 58.4 from 57.1 in September, comfortably beating its 57.8 flash reading.
“Euro zone manufacturing boomed in October, with output and order books growing at rates rarely exceeded over the past two decades. However, while the data bode well for production during the fourth quarter, the expansion is worryingly uneven,” said Chris Williamson, chief business economist at IHS Markit.
8.51am update: UK markets take a hit following new lockdown
London markets lagged this morning, down 0.1 percent after Prime Minister Boris Johnson announced over the weekend that new restrictions across England would kick in after midnight on Thursday morning.
They are expected to last until December 2.
7.52am update: Boris Johnson backs out of address to CBI annual conference
The Prime Minister will no longer be addressing the annual conference of the Confederation of British Industry (CBI) today.
He will be replaced by Business Secretary Alok Sharma.
This comes after the group warned a second national lockdown would be a “real body blow” for British firms.
Lord Bilimoria told BBC Radio 4’s Today programme: “It is absolutely normal, in the history of the CBI, for the Prime Minister of the day to address the annual conference.
“To my knowledge this has only not happened once in history.
“He is not going to be addressing us this morning.
“However, we are hopeful that at some stage he will engage with us.”