LONDON—Stocks headed lower on Monday with investors in a cautious mood ahead of the Federal Reserve’s two-day policy meeting and what could be the latest central bank signal of an even faster pace of tightening just as signs of a global slowdown mount.
Overall, the start of the week across markets began quietly, with the dollar holding above a 2–1/2 week high and government bond yields little changed after falling on Friday.
A widely watched survey showed German business morale falling more than expected in July as high energy prices and looming gas shortages push Europe’s largest economy towards a recession….