European markets are declining ahead of a week marked by meetings of numerous central banks, including the Federal Reserve, and the publication of inflation data in Europe.

In Paris, the CAC 40 was down 0.68% at 7,328.49 points around 07:30 GMT. In Frankfurt, the Dax gave up 0.36%, compared with 0.42% for the FTSE in London.

The pan-European FTSEurofirst 300 index gave up 0.42%, the EuroStoxx 50 0.56% and the Stoxx 600 0.47%.

Futures on New York indices suggest a hesitant opening on Wall Street, with the Dow Jones , Standard & Poor's 500 and Nasdaq expected to remain stable.

Investors are positioning themselves cautiously ahead of a week rich in monetary policy events.

Six central banks from developed countries will meet this week, but markets will be focused on the Federal Reserve, which on Wednesday will decide on the trajectory of US rates amid growing uncertainty over the outlook for inflation across the Atlantic.

In addition, the release of European inflation data on Tuesday prompts caution, while the European Central Bank surprised by raising rates at its last meeting.

Société Générale lost 6.93%, its worst performance in six months, after the group announced strategic objectives showing a slowdown in sales growth.

Unibail-Rodamco gained 1.57%, leading the CAC 40, after Barclays raised its recommendation to "outperform". (Written by Corentin Chappron, edited by Blandine Hénault)