Most major stock indexes in Europe traded lower in the premarket on Monday as investors prepared for new trade duties expected from US President Donald Trump's administration.

The DAX dropped 0.60%, and the FTSE 100 lost 0.35% at 8:00 am CET. At the same time, the CAC 40 declined by 0.19%, while the Euro Stoxx 50 fell by 0.39%. The euro and the pound were flat against the dollar at 8:00 am CET, selling for 1.07902 and 1.29152 concurrently.