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European Markets

Opening calls are indicating a higher open.

 

Asian Markets

 

Asian stocks climbed, with China shares set for the biggest three-day gain in a year, amid speculation that policy makers may act to spur growth in the world’s second-largest economy.

 

US Markets

 

Stocks edged higher Monday as investors continued to keep a close eye on events in Europe and geared up for the start of fourth-quarter corporate earnings announcements.

 

Events Today

 

IMF Managing Director Christine Lagarde will meet German Chancellor Angela Merkel at 7:00pm London time after a separate meeting with German Finance Minister Wolfgang Schaeuble in Berlin on Tuesday.

The meeting will follow a series of European bond auctions, starting with a 2.5-3.5 billion euro ($3.19-$4.47 billion) sale of Dutch 2015 bonds at 9:00am London time. Austria will hold an auction at 10:00am, followed by Hungary where up to $185.7 million in 3-month treasury bills will be tendered.

In Greece a 1.25 billion euro ($1.59 billion) sale of 6-month treasury bills will also take place.

In corporate news, British retailer Marks & Spencer will announce its third quarter trade results and construction firm Balfour Beatty will also release trading data.

Economic releases to watch include German manufacturing turnover for November, available from 7:00am UK time and French industrial production data out at 7:45am.

Source: CNBC