European shares are called to open higher this Tuesday following the final approval for Greece’ 130 billion euro bailout.
Asian stocks rose, while oil climbed before data forecast to show the fastest U.S. retail sales growth in five months and improving confidence among German investors. The yen erased declines after Japan’s central bank kept its asset-purchase program unchanged.
Stock in the US closed mixed, after moving in a narrow range for most of the trading day. With little on the economic or corporate front, investors adopted a wait-and-see stance on Monday.
No major surprises are expected at the U.S. Federal Open Market Committee meeting Tuesday, where the Fed is widely predicted to maintain the stance it outlined at its last meeting in January and keep interest rates at their record low of between 0 to 0.25 percent.
Bond auctions in Europe will see, among others, the Netherlands tendering between 2.5 billion and 3.5 billion euros of 3-year bonds at 9:00 a.m. GMT and Italy, which tenders 3.5 billion euros in 3-month T-bills and 8.5 billion euros in 12-month T bills at 10:00 a.m. GMT.
In earnings news, companies including Prudential, the UK insurer, and Antofagasta, the copper producer are expected to report later today.