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COVID-19, CHINA COVID MEASURES KNOCK FUTURES (0630 GMT)
European futures are pointing to a start of the day in the red for bourses across the region mirroring Asia stocks, which fell on the back of red-hot U.S. inflation and a COVID-19 warning from Beijing.
Worries that rising inflation will encourage the Fed to act with even more aggressive policy tightening has pushed European futures down 1.8%.
Spurring concern of more growth-strangling lockdowns, Beijing's most populous district of Chaoyang announced on Sunday three rounds of mass testing to quell a "ferocious" COVID-19 outbreak that emerged at a bar in a nightlife and shopping area last week.
In the meantime, Britain's economy unexpectedly shrank in April, official figures showed on Monday, three days before the Bank of England announces the scale of its latest interest rate response to the surge in inflation.
(Joice Alves)
