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EUROPEAN SHARES SEEN LOWER ON RECESSION FEARS, BIG EARNINGS WEEK AHEAD (0630 GMT)
European stocks are seen opening in negative territory tracking Asian shares lower as worries about a global economic downturn sapped investors' risk appetite.
As a big week for corporate results kicks in, the pan-European STOXX 600 is seeing pausing after having its best weekly gains since May.
Swiss bank Julius Baer says it was hit by market downturn during first half of year. Philips misses Q2 forecasts, cites supply chain issues and China lockdowns.
Traders are also bracing for a for a 75-basis-point (bp) U.S. interest rate hike this week as data points to a weakening global economy.
European STOXX50, Dax and FTSE futures are trading down around 0.5%.
(Joice Alves)