European stocks are set for a flat-to-higher open on Tuesday, rebounding slightly from the previous day when miners tracked a fall in base metals and SAP was punished for its biggest acquisition.
Financial bookmakers see Germany's DAX opening up 3 to 19 points, France's CAC 40 unchanged to up 12 points and Britain's FTSE gaining 10 to 16 points.
With little due in the way of corporate results and economic data, the market is likely to
take direction from Wall Street.
The Dow Industrials and the S&P 500 both dipped overnight as investors locked in profit from Friday's record-setting rally and where two brokers downgraded Merrill Lynch, citing its exposure to credit turmoil.
The European Central Bank President Jean-Claude Trichet is due to testify before the
European Parliament's Committee on Economic and Monetary Affairs.