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Morning Brief

European shares are seen opening slightly higher Tuesday as investors remain cautiously optimistic despite the risk of rising oil prices.

Today’ events

Italy tenders 6 to 8 billion euros ($8 billion to $10.75 billion) in 5- and 10-year bonds in what is being seen as a crucial test of market confidence for the country following Greece’s second bailout.

In the US, Tuesday sees Republican presidential hopefuls Rick Santorum and Mitt Romney step up their campaigns to challenge President Barack Obama in November as the GOP primaries campaign heads to Michigan and Arizona.