European stock markets are expected to open marginally higher Tuesday, as investors continue to digest the inconclusive result of the weekend’s German election as well as Chinese property group Evergrande’s ongoing debt crisis. At 2:05 AM ET (0605 GMT), the DAX futures contract in Germany traded 0.2% higher, CAC 40 futures in France climbed 0.4% and the FTSE 100 futures contract in the U.K. rose 0.2%. Investors will be keeping an eye on the ramifications of Germany’s general election on Sunday, which resulted in the Social Democrats party narrowly winning the vote.
It’s a relatively busy day ahead on the economic calendar, with German and U.S consumer sentiment in focus. On the monetary policy front, ECB President Lagarde and FED Chair Powell are also due to speak.
European markets rose on Monday morning after a frenetic weekend in the UK which saw several petrol pumps empty of fuel as ministers appealed to avoid 'panic buying'.