European equities are expected to open higher as positive performance in Asia

European equities are expected to open higher on Tuesday as sentiment got a boost from a mostly positive performance in Asian markets. Asia's markets offered a positive lead.  (Nikkei 225: +0.29 %; Hang Seng: +0.32 %; S&P/ASX 200: +0.83 %; Shanghai Composite: +0.17 %; Topix: +0.86 %;)

Oil prices remain in focus for markets. Saudi Arabia announced plans on Monday to cut spending to reduce a record state budget deficit. Minister of Energy of the Russian Federation Novak accused Saudi Arabia that intentionally destabilizes oil prices should be steady about USD 50 per barrel and announced an increase in exports. Oil Minister of Iran officially announced that the recovery of export volumes before the embargo are the number one priority, no matter the price.

USD lost momentum against the EUR and JPY because oil negatives have reduced risk appetite in the few active investors. After the last crash to the deepest low of 11 years, CAD slightly adjust USD. AUD and NZD remain at high levels, but no arguments and prospects for growth.

Deutsche Bank has agreed to sell its 20 percent stake in China's Hua Xia Bank for up to 25.7 billion yuan ($4 billion) as it seeks to raise cash and reduce its balance sheet exposure, Reuters reported on Monday.

There are no major earnings or data releases on Tuesday.