European stocks are expected to open flat on Tuesday ahead of a report on the Spanish banking industry and a raft of earnings from across Europe before the opening bell.
The FTSE 100 was called up 3 points at 5697 at the open, while the DAX was called higher by 11 points at 6785 and the CAC 40 up 2 at 3323.
The big question for investors remains what the European Central Bank and Federal Reserve will do later this week when they meet to decide on borrowing costs and whether or not to take further extraordinary measures.
Mario Monti, the Italian Prime Minister, will travel to Paris Tuesday morning for talks on the debt crisis with his key ally, French President Francois Hollande.
Overnight data from Japan showed the euro zone debt crisis is hitting Japanese exports , with manufacturing data falling at its fastest pace since last year’s devastating earthquake and tsunami.
Spain will return to the markets’ attention when Deloitte, PwC, E&Y and KPMG deliver the results of an extensive audit of the Spanish banking industry to the government in Madrid later Tuesday.
The results of the audit will go a long way to determining how much money each bank will need from the 100 billion euro ($123 billion) fund set up to shore up confidence in the sector.
The Spanish economy ministry declined to comment to CNBC on what time the results will be made public.Page 1 of 3 | Next Page