European stocks are seen opening a tad higher on Tuesday as oil continued to slid on fears of lower fuel demand, helping ease inflation fears. <\/p>\n
Crude oil prices fell over 1 percent in Asian trading after having lost about 7 percent in the U.S. session on concerns that a virus flare-up in China will weigh on global demand. <\/p>\n
Asian stocks were mostly higher after the Bank of Japan vowed to defend a key yield cap, offering to buy unlimited government bonds for the first four days of this week in the face of mounting inflationary pressures.<\/p>\n
Meanwhile, China’s manufacturing hub of Shenzhen is starting to get back on its feet after being hit by shutdowns in a recent Covid-19 outbreak.<\/p>\n
The Japanese yen hovered near a seven-year low against the dollar while gold traded flat on higher U.S. yields. <\/p>\n
In economic releases, mortgage approvals data from the U.K. and consumer confidence figures from Germany and France are due later in the session, headlining a light day for the European economic news.<\/p>\n
The German GfK forward-looking consumer sentiment index is forecast to fall to -14.0 in April from -8.1 in March.<\/p>\n
U.S. stocks rose overnight on hopes of progress in Russia-Ukraine peace talks.<\/p>\n
The Dow inched up 0.3 percent, the S&P 500 gained 0.7 percent to extend gains for a third straight session and the tech-heavy Nasdaq Composite added 1.3 percent.<\/p>\n