According to CME FedWatch tool, 91.3% of responders believe that the central bank will hike rate in June to neutralize an impending inflationary pressure. The European Central Bank (ECB) will also meet this week to take a decision whether it will abandon its ongoing bond purchase program. A total of 6.05 billion shares were traded on Monday, lower than the last 20-session average of 6.62 billion shares.