European stocks are expected to open lower on Tuesday following negative sentiment in Asian trade and Wall Street on Monday.
The London FTSE index is expected to open 12 points lower at 6,885, the French CAC down 15 points at 4,404 and the German DAX down 7 points at 10,327.
Oil prices were under pressure Monday, with U.S. crude futures settling 3.7 percent lower at $40.06 after briefly dipping below $40. On Tuesday, crude had edged up again but traders said fuel markets continued to be dogged by excess production.
Meanwhile in Asia, markets traded mostly lower on Tuesday following the U.S. trading session, as traders anticipated the Reserve Bank of Australia's rate decision. The central bank subsequently cut its cash rate by 25 basis points to 1.50 percent, a record low.
Earnings are due from Lufthansa, Infineon, Intesa sanpaolo, Commerzbank, BMW, Travis Perkins, DSM, Intercontinental and Ferrari.
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