European markets seen higher amid Syria fallout; Oil prices down 1%

European markets are set to open higher on Monday morning, as investors appeared to expect U.S.-led missile strikes in Syria to contain Middle East tensions for the time being.

The FTSE 100 is seen 1 point higher at 7,266, while the CAC is expected to open up around 21 points at 5,332 and the DAX is poised to start 53 points higher at 12,497, according to IG.

On Saturday, the U.S., U.K. and France launched more than 100 missiles targeting Syrian government sites in response to a suspected poison gas attack in Douma earlier this month.

The joint missile strikes prompted Russian President Vladimir Putin to warn western powers that further attacks on the war-torn country could bring chaos to world affairs.

Putin’s comments followed reports that Washington is poised to increase pressure on Moscow with fresh economic sanctions on Monday. The U.S. administration is expected to try and punish Russia for propping up the regime of Syrian President Bashar Assad.

In commodity markets, oil prices slipped amid ongoing tensions in the Middle East. Brent crude futures were off by more than 1 percent at $71.85 on Monday morning, while WTI was down 0.85 percent at $66.81. Source: CNBC

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