European Shares Expected to Break Four-Day Slide


European shares are expected to edge up in early trade on Tuesday, echoing modest gains in the United States, while rising commodity prices should boost oil and mining stocks.

Financial bookmakers in London expect Britain's FTSE 100 to open up 20 to 25 points, Germany's DAX to open up 8 to 11 points and France's CAC-40 to open up 10 points.

The FTSEurofirst 300 fell 1.3 percent on Monday, marking its fourth day of declines on the back of mounting worry over the strength of the U.S. economy and its impact on corporate profitability.

Switzerland's Adecco, the world's largest staffing firm, reports earnings, along with French steel tube maker Vallourec. UK financials on the earnings calendar include asset manager Schroders and car insurer Admiral.

U.S. stocks ended Monday's session with a small gain as a rise in commodity prices drove up the likes of Alcoa and Exxon, while fresh concern over another mortgage lender and another spate of bad economic data weighed on financials.

Oil and precious metals prices hitting fresh record highs could help the basic resources and energy sectors later in the day.

"Resources are hitting all time highs, with oil trading at $104 per barrel at one point. Gold is with in an earshot of 1,000 per troy ounce. This is boding well for resource companies like BP and BHP. Watch for them to open higher today," wrote analysts David Evans in a note.