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European Shares Seen Higher, Results Eyed

European shares are seen opening higher on Tuesday as investors look to results from Standard Chartered for fresh insight into the state of the financial sector, while U.S. stocks rose overnight on optimism surrounding two large insurers.

Financial bookmakers see Britain's FTSE 100 index up 15 to 19 points, Germany's DAX is expected to rise 39 to 49 points and France's CAC 40 is seen up 31 to 38 points.

Investors will also look to U.S. producer prices later in the session, as central banks aim to balance slowing global growth with rising inflation pressures.

U.S. stocks rallied more than 1 percent on Monday, with financials recovering after Standard & Poor's removed its threat to downgrade MBIA Inc's "AAA" rating, while rival Ambac Financial Group is said to be near a deal to shore up its financial position.

Dresdner Bank intends to support a rescue package for Ambac Financial Group, but other major European banks declined to say if they would step in.