European markets are set for a higher open on Tuesday, as investors look ahead to the U.S. inflation reports due later in the day. The FTSE 100 index is expected to rise by 0.3%, while Germany’s DAX will likely increase by 0.4%. This follows news that the U.K.’s public holiday has ended and trading has resumed today after being closed yesterday, with many traders eager to take advantage of any potential opportunities created from market movements over the weekend and Monday’s holiday period.
The focus now shifts towards today’s release of key economic data from the United States, which could have an impact on European markets this week; namely, consumer price index figures for April, which are expected at 1:30 pm EST (6:30 pm BST). These figures will be closely watched by investors who believe they may provide clues about future Federal Reserve monetary policy decisions regarding interest rates or quantitative easing measures – both of which can affect global financial markets significantly if implemented or changed suddenly.
Overall, it looks like European stock indices should remain positive throughout Tuesday morning with some volatility possible once US inflation numbers come out later in the afternoon/evening UK time depending upon how far away actual results differ from expectations among analysts and economists alike.
Read more at CNBC
