×

European Shares Set to Snap 5-Day Losing Streak

European stocks were seen rising on Tuesday as investors start to pick up shares hammered over the past five sessions, while record crude oil prices could lend support to energy shares.

Financial bookmakers, or spread betters, in London expected Britain's FTSE 100 index to open between 21 and 27 points higher, the German DAX up 23 to 29 points, and the French CAC 40 up 10 to 16 points.

The FTSEurofirst 300 index of leading European shares lost 0.8 percent on Monday, closing at 1,275.00 points, its fifth straight session in the red, led by Credit Suisse after media reports of further asset writedowns at the Swiss bank, and Philips on below-forecast first-quarter earnings.