European markets seen higher as Spanish stocks rebound after Catalonia concerns
The FTSE 100 is seen up by 8 points at 7,437; the DAX 30 is set to start the day up by 36 points at 12,930 and the CAC 40 is expected to open up by 18 points at 5,360.
Spanish stocks are seen opening higher too, after falling sharply Monday. The government in Madrid has said that it wants to work with other parties to resolve the issue of Catalonian independence.
Meanwhile, Asian stocks were under pressure due to lower oil prices. Brent fell 0.4 percent to $55.90 and WTI dropped 0.3 percent to $50.44 on Tuesday amid signs that a global glut is taking longer to tackle than most had hoped.
In the corporate world, Uber’s new global chief Dara Khosrowshahi is in London Tuesday to meet with Transport for London, after the regulator said the company couldn’t operate in London.
Syngenta is a stock to watch Tuesday after S&P gave it a “BBB-” classification, saying that the Chinese government may not support the company with litigation issues. U.K. main street bakery Greggs will give a trading update Tuesday.
On the data front, there will be construction PMIs in the U.K. and the Bank of England will release minutes from its latest financial policy committee meeting. Later, there will be retail sales numbers in the U.S.
Source: CNBC
