European stocks are expected to open higher Tuesday morning, as investors monitored a fresh batch of corporate earnings while oil prices gave up some of their recent gains.
Looking to the major bourses, the U.K.’s FTSE 100 is expected to open 22 points higher at 7,585, while the German DAX is set to start on a positive note, up 41 points at 13,508, and the French CAC is poised to open 16 points higher at around 5,521, according to IG.
Corporate earnings season continues to be in full swing, with several companies scheduled to post their latest figures. Credit Agricole, Campari and Intesa Sanpaolo are among the major companies poised to report Tuesday.
Elsewhere, President Donald Trump arrived in South Korea amid concerns Washington may resort to unilateral military action on the Korean Peninsula. Trump has reaffirmed his tough rhetoric against Pyongyang over its nuclear and missile programs since starting a 12-day trip to Asia on Sunday.
Meantime, oil prices dipped slightly Tuesday amid an anti-corruption drive by Saudi Arabia’s crown prince. Mohammed bin Salman’s clampdown led to the arrests of several of the Kingdom’s elites, including prominent billionaire Alwaleed bin Talal.
European markets seen higher amid earnings; oil prices slip after rally