European markets open higher, investors weigh geopolitical risks as UK markets reopen.
European markets will open higher on Tuesday, while U.K. markets will reopen after being closed on Monday for a national bank holiday, as investors assess geopolitical risks.
The U.K.'s FTSE 100 was predicted to open 44 points higher at 8,364, while Germany's DAX was expected to increase by 23 points to 18,646. France's CAC 40 was forecasted to gain 7 points to 7,601, and Italy's FTSE MIB was predicted to rise by 22 points to 33,734.
European markets had posted a mixed session on Monday.
Geopolitical risks were still a concern for investors following the weekend's exchange of strikes between Israel and Hezbollah, which heightened fears of a broader conflict in the Middle East.
On Monday, the uncertainty caused oil prices to rise. However, on Tuesday, Brent crude futures only added 0.11% to $81.52 a barrel, while U.S. West Texas Intermediate crude dipped by 0.03% to $77.4 a barrel at 7:24 a.m. London time.
In Europe, Germany's second-quarter gross domestic product reading is due, and Hungary's central bank will announce its latest interest rate decision.
On Tuesday, markets in the Asia-Pacific region generally retreated, with investors considering industrial profit figures from China and following the decline of major Wall Street indices.
On Monday, the S&P 500 and Nasdaq Composite fell in the U.S. as technology stocks declined, while the Dow Jones Industrial Average set a new record high. U.S. futures were mixed early on Tuesday.
Markets
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