A stock trader looks at his monitors in the trading room of the Frankfurt Stock Exchange. Worries about a new coronavirus mutation in southern Africa have dealt a major blow to the German stock market.
Arne Dedert | Picture Alliance | Getty Images
LONDON — European stocks are expected to open higher Tuesday after a mixed start to the trading week.
The U.K.’s FTSE index is seen 28 points higher at 8,174, Germany’s DAX up 70 points at 18,138, France’s CAC 40 up 25 points at 7,596 and Italy’s FTSE MIB up 92 points at 32,757, according to IG.
It was a mixed day for markets on Monday. France’s CAC 40 rose 0.9%, after mixed morning trade as investors weighed the possibility of victory for the far-right National Rally party in the country’s upcoming parliamentary elections. The index fell more than 6.2% last week.
Investors are looking ahead to the Bank of England’s policy rate decision on Thursday. The Bank is widely expected to hold rates steady at 5.25%, with the majority of economists polled by Reuters forecasting an August cut.
Asia-Pacific markets rebounded overnight in Tuesday as Wall Street surged Monday, with investors awaiting the Reserve Bank of Australia’s interest rate decision. Meanwhile, S&P 500 futures are near flat Monday night after a winning day on Wall Street as investors gear up for May retail sales data.