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Europe seen lower despite oil rise

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London's FTSE is expected to open 24 points lower at 7,087, the German DAX down 15 points at 10,614 and the French CAC 5 point lower at 4,496.

After jumping as much as 3 percent on Monday, oil prices are in focus for markets on Tuesday. Although prices have dipped in early trade, they have held near one-year highs.

Oil prices rallied on Monday after major oil producer Russia said it was ready to join OPEC in an output freeze deal loosely agreed in September. The deal is aimed at cutting the global supply overhang that has weighed on prices. Goldman Sachs published a note in which it was sceptical about the deal, however.

Political news could also move markets Tuesday after a poll showed that Democratic presidential nominee Hillary Clinton has doubled her lead over her Republican rival Donald Trump.


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