GDP in the euro zone, France and German for the fourth quarter will be key economic reading for the European session, while results from spirits manufacturer Diageo, the maker of Johnnie Walker whisky, may provide a better picture of discretionary spending.
On a macro level, the week will be defining in determining the outlook on interest rates as well as how companies are faring, with a bulk of firms reporting this week, including Microsoft, Alphabet and AMD later on Tuesday.
While worries over China’s property market after court-ordered liquidation of troubled giant China Evergrande dragged Asian stocks lower, futures indicate European bourses are set for a higher open, extending their rally this week.
The pan-European STOXX 600 index will aim to rise further after touching a fresh two-year peak, coming off its best weekly performance in three months.
Geopolitical tensions have led oil prices higher, while gold has seen safe haven bids, with investors jittery about escalating clashes in the Middle East.
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