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LIVE MARKETS-Europe to rise in step with Asia, but oil slide and Brexit weigh

Reuters - UK Focus

Nov 26 - Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Helen Reid. Reach her on Messenger to share your thoughts on market moves: helen.reid.thomsonreuters.com@reuters.net

EUROPE TO RISE IN STEP WITH ASIA, BUT OIL SLIDE AND BREXIT WEIGH (0623 GMT)

European stocks are set for a slightly stronger open, having enjoyed a modest recovery on Friday as well. Sagging oil prices could weigh on the market, though, and tension is building ahead of a parliamentary vote on the Brexit deal which the EU agreed to on Sunday after 18 months of gruelling talks.

Asian stocks and U.S. equity futures posted modest gains on Monday on hopes of solid U.S. holiday sales, though plunging oil prices fanned worries about a dimming outlook for the global economy.

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European Union leaders finally sealed a Brexit deal on Sunday, saying the package agreed with Prime Minister Theresa May was the best Britain will get in a warning to the British parliament not to reject it.

The parliamentary vote is likely to take place just before the next EU Summit of Dec (Shanghai: 600875.SS - news) 13-14.

According to CMC Markets (LSE: CMCX.L - news) , the FTSE 100 is expected to open 25 points higher at 6,977, the DAX is expected to open 58 points higher at 11,250, and the CAC 40 is expected to open 21 points higher at 4,967.

(Helen Reid)

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(Reporting by Helen Reid, Julien Ponthus, Danilo Masoni)