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European stocks open mostly lower

FXStreet (Córdoba) - European stocks opened broadly lower Monday after sharp gains last week, with worries of a “yes” vote in Scotland 2 weeks before the independence referendum weighing on sentiment.

The Stoxx Europe 600 fell 0.51% to 345.79. The index rose 1.6% last week, reaching a 2-month high after the European Central Bank cut all three of its main interest rates and announced asset purchases.

As for country-specific indexes the UK FTSE dropped 0.46% amid jitters ahead of the Scottish referendum. A YouGov survey for the Sunday Times newspaper put the "yes" to independence at 51% against the "no" at 49%, with the yes taking the lead for the first time.

The Germany’s DAX 30 was the up 0.07% while the France’s CAC 40 lost 0.25%. Spain’s Ibex 35 and Italy’s FTSE MIB were both down by 0.19% and 0.02% respectively.

In the data front, there are no first-tier indicators scheduled from Europe or the US.

In the FX market,the pound is underperforming, having dropped to a fresh 9-month low of 1.6144 and left a huge bearish gap at the opening. Other majors were steady near Friday's closing price, with the dollar consolidating recent gains. EUR/USD at 1.2942 and USD/JPY at 105.13.

As for commodities, gold was little changed at $1,267 an ounce while crude oil dropped 0.63% to $92.70 a barrel.

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