European markets head for mixed open, with investors watching Turkey closely

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European stocks are expected to open in mixed territory on Monday, with investors watching Turkey closely.

European markets look set to start the day on a broadly mixed note, similar to stocks in Asia-Pacific which traded mixed on Monday as investors watched moves in the Turkish lira, following a sudden upheaval at the country's central bank.

weakened more than 12% to 8.1162 against the greenback Monday, compared to levels below 7.5 per dollar seen last week. Earlier, the lira had weakened to as much as 8.1745 against the greenback.abruptly replaced the central bank chief just days after a sharp interest rate hikeMeanwhile, U.S. stock futures were mixed early Monday morning as Wall Street looked to bounce back from a losing week.

 

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