Brexit, profits in the foreground while the mood becomes cautious



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The FTSE 100 is 9 points lower at 7,442 points, the ACC is expected to open at around 8 points at 5,463 points, while the DAX is expected to start at 36 points, at 11,926 points, according to IG.

The market is largely focused on corporate earnings, with major US banks poised to launch the debate later in the week.

J.P. Morgan Chase & Co and Wells Fargo are about to release their latest numbers on Friday.

US earnings worries weighed on US equities over the past few sessions, although a detailed employment report released last week helped ease the nerves.

Back in Europe, investors continued to watch the next Brexit summit. British Prime Minister Theresa May is expected to meet German and French leaders next week. Only four days remain before the world's fifth largest economy leaves the European Union.

The month of May will be an emergency summit on Wednesday, when the 28 EU Member States will decide on the opportunity to grant the UK an additional Brexit extension.

As regards data, Italy will publish monthly detail figures for February at about 9 am London time.

On the other hand, Commerzbank is about to decide whether to continue negotiations on the merger with Deutsche Bank on Tuesday.

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