European Stocks Indicated To Open Higher

European shares were indicated to open higher Tuesday, with worries about Japan's nuclear crisis and Middle East unrest still running high but with the Nikkei recovering some ground lost earlier in the session.


Plutonium was found in the ground near the stricken Fukushima plant. Experts said that some of it may have come from spent fuel rods or damage at the plant's third reactor, the only one that uses plutonium, according to Reuters.

Representatives of over 40 international organizations and governments will meet in London Tuesday to discuss about a Libya without Muammar Gaddafi.

On Monday, President Barack Obama said the US would work with its allies to speed up Gaddafi's relinquishing of power, but would not use force to topple him.

European shares closed higher in low volume on Monday, supported by technology stocks.

Portugal's central bank publishes its spring economic bulletinTuesday. The figures may include revisions to earlier growth forecasts for the country which has been come under attack in the bond markets over its high levels of debt.

The country slid into political crisis last week when Prime Minister Jose Socrates resigned after new austerity measures were rejected in parliament. There are concerns in financial markets that the country will have even greater diffculty in finding funds in the debt market given the political uncertainty.

Meanwhile in the UK, the Treasury Committee is expected to quiz Chancellor George Osborne on the 2011 budget which was presented last week. On Saturday, thousands of people demonstrated against the plans outlined in the budget.

The GfK market research group releases its April consumer sentiment indicator for Germany Tuesday. The forward-looking indicator will provide investors with an indication of Germans' employment expectations as well as wider economic expectations.

Also on the agenda are European car registration numbers, while the Bank of England releases figures on lending to individuals.