U.S. stock index futures slipped on Monday, pausing after strong gains in the previous session, when Federal Reserve Chair Jerome Powell hinted that an interest-rate cut could be under consideration at the central bank's meeting next month.

World shares were mixed on Monday after the head of the Federal Reserve hinted that cuts to interest rates may be on the way. European markets opened lower, with Germany's DAX down 0.2% at 24,305.67,

Asian shares have tracked Wall Street's rally after the head of the Federal Reserve hinted that cuts to interest rates may be on the way

The stock market closed at record highs Friday after Federal Reserve Chair Jerome Powell sparked confidence in a September rate cut among Wall Street traders. The Dow Jones Industrial Average rose

Stocks edged downwards on Monday after earlier rallies in Europe and Asia, investors locking in gains fuelled by the clear shift toward lower rates by the US Federal Reserve.

Shares jumped more than 1 percent on Monday after U.S. Federal Reserve Chair Jerome Powell hinted at a possible rate cut during the central bank's meeting next month. The won sharply gained against the dollar.