European equities are expected to open higher Tuesday

European equities are expected to open higher Tuesday, bucking down-trend in Asia and the US overnight. Major U.S. averages posted their biggest decline in six weeks on Monday, down 1 percent each, as investors pondered  a possible hike in December, as well as stubbornly weak trade data from China. Asian shares outside China fell overnight following the U.S. selloff.

Elsewhere, the euro zone will release money for a Greek banking-sector recapitalization only when Greece implemented agreed reforms, finance ministers said in a statement on Monday, Reuters reported, noting that Athens had pledged to meet the conditions this week.

The Fed would still have to continue commitment to first rate increase in interest rates with a view economic recovery in the USА despite a certain deterioration in emerging markets and more especially China.

The reason for renewed sales of EUR is Reuters information, according to which the ECB actually considering to further reduce its deposit interest of the forthcoming December 3 meeting, although it is negative. There are expectations that the bank will lower the deposit rate by 10 basis points to -0.30 percent.

Earnings on Tuesday come from Pandora, Vivendi, Porsche, Julius Baer, National Grid, Prudential, Vodafone and ITV.