LONDON — European markets are expected to open higher on Tuesday as investors weigh geopolitical risks, with British markets set to reopen after a bank holiday on Monday.
Britain's FTSE 100 is expected to open at 8,364, up 44 points. Germany's DAX is expected to rise 23 points to 18,646 and France's CAC 40 is expected to rise 7 points to 7,601. Italy's FTSE MIB is expected to rise 22 points to 33,734.
European markets were mixed on Monday.
Investors continue to weigh geopolitical risks after Israel and Hezbollah launched attacks on each other over the weekend, raising fears of escalating conflict in the Middle East.
The uncertainty led to higher oil prices on Monday. Prices were little changed on Tuesday, with Brent crude futures up 0.11% to $81.52 a barrel and U.S. West Texas Intermediate crude down 0.03% to $77.4 a barrel as of 7:24 a.m. London time.
In European data, Germany's second-quarter GDP figures are due to be released and the Hungarian central bank is due to announce its latest interest rate decision.
Meanwhile, Asia-Pacific markets were broadly lower on Tuesday as investors focused on China's industrial profits data, tracking a decline in Wall Street's main stock indexes.
In the U.S., the S&P 500 and Nasdaq Composite Indexes fell on Monday as tech stocks fell, while the Dow Jones Industrial Average hit a record high. U.S. futures were last mixed early Tuesday.
