Stocks turn lower as traders eye US data for Fed signals

European and US stock markets turned lower Monday as investors awaited key US data that could play a role in Federal Reserve deliberations ahead of an expected cut to interest rates next week.The situation where long-term rates on US Treasuries are rising faster than short-term rates, steepening the yield curve, is seen as generally being bearish for equities, as higher long-term yields indicate investors expect inflation and future interest rate hikes from the Fed.