European Shares Seen Steady Ahead of US Election
European shares were set to open little changed on Tuesday as recessionary fears weighed ahead of the U.S. presidential election tracking the U.S. markets on Monday, while Asian stocks were mixed.
Financial bookmakers in London expected Britain's FTSE 100 to open points down 13 to 17 points, or nearly 0.4 percent, Germany's DAX to open down 1 to up 4 points, and France's CAC-40 to open up 5 to 11 points, or up as much as 0.3 percent.
U.S. stocks ended little changed on Monday with the Dow Jones Industrial Average closing down 0.1 percent as investors were unwilling to place big bets before the presidential election.
Asia was mixed. Japan's Nikkei index rose nearly 4 percent on Tuesday, as exporters gained on the yen's recent weakness, though other markets were down after reports pointed to a shriveling U.S. economy ahead of the presidential election.
Meanwhile, economic data in Europe and the United States indicated the strong likelihood both have slipped into recession, keeping oil prices trading below $64 a barrel and pushing up gold prices.