Trump arrived Sunday in Milwaukee, where Republicans will formally make him their presidential candidate later this week after surviving an assassination attempt that threatens to further inflame U.S. political polarization.
The incident has boosted investor bets on the former president's victory in this year's U.S. presidential election, boosting the dollar and U.S. government bond yields on the prospect that his economic policies would increase inflation and debt.
Meanwhile, on the monetary front, the focus on Monday will be on Fed Chairman Jerome Powell's remarks at the Economic Club of Washington (1600 GMT), where he is likely to be asked about his reaction to last week's weak inflation data.
Markets are pricing in a 94% chance that the Fed will cut rates in September, up from 72% a week earlier.
More figures will come in during the week that will give a clearer picture of the direction of the US economy, such as retail sales, industrial production, housing starts and weekly jobless claims.
Otherwise, the coming days will be marked by the second quarter corporate earnings season, which in the IBEX 35 starts on Thursday with the report from the financial institution Bankinter.
After recording its best week in almost two months, at 07:05 GMT on Monday the selective Spanish stock market index IBEX 35 fell by 45.00 points, or 0.40%, to 11,205.60 points, while the FTSE Eurofirst 300 index of large European stocks fell by 0.43%.
In the banking sector, Santander lost 0.88%, BBVA fell 0.27%, Caixabank dropped 0.46%, Sabadell fell 0.63%, Bankinter dropped 0.39%, and Unicaja Banco lost 1.08%.
Among the large non-financial stocks, Telefónica fell 0.77%, Inditex dropped 0.11%, Iberdrola dropped 0.41%, Cellnex fell 0.72%, and the oil company Repsol lost 0.62%.
(Information by Tomás Cobos; edited by Javi West Larrañaga)