European stocks are expected to open lower Monday, while futures price suggest a weaker open on Wall Street, as investors eye political developments on both sides of the Atlantic and pause amid the recent global market rally.

Britain's FTSE 100 is expected to fall around 0.3% at the start of trading, according to financial bookmakers IG, with smaller declines anticipated for benchmarks in Germany and France. 

The Dow Jones Industrial Average is priced for a 22 point, or 0.09%, nudge lower at the opening bell, while the broader S&P 500 could give back around 0.2%, or 5.25 points, at the opening bell. 

That said, solid gains for tech shares and the continuation of easy monetary policy from central banks in Japan and Europe kept stocks firm in overnight Asia trading, with the MSCI Asia ex-Japan index rising 0.14% into the opening of the European session and the Nikkei 225 in Japan holding on to a modest 4 point gain heading into the closing bell.

The dollar index, however, reflected some investor concern over what may develop in the coming days, with the benchmark falling 0.15% amid speculation that Special Prosecutor Robert Mueller could unveil the first formal charges from his investigation into Russian meddling into the 2016 election as early as today.

President Donald Trump unleashed a barrage of Tweets Sunday expressing anger and dismay at the length and cost of the investigation and said it was a distraction to his overall economic ambitions on tax reform.

In Europe, the single currency held to multi-month lows at 1.1614 after last week's decision by the ECB to extend its bond buying program into September and keep its key interest rates at close to zero for at least two more years.

Spain's constitutional crisis also weighed on sentiment following Madrid's decision to dissolve the breakaway Catalan parliament and invoke direct rule.

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