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European Shares Seen Subdued Ahead Of Catalan Leader's Speech

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European stocks may open flat to slightly lower on Tuesday as the dollar treaded water on worries over North Korean provocations and amid diminished risk appetite after a top Republican senator sparred verbally with U.S. President Donald Trump.

Asian markets are trading mixed as the Japanese and South Korean markets reopened after holidays. Investors kept an eye on developments in Catalonia as its President prepares to address the region's parliament on independence.

Oil held stable amid signs that the market was rebalancing. Turkey's lira extended losses due to an ongoing diplomatic dispute with the U.S. Gold inched higher to trade at over one-week high, drawing support from geopolitical tensions and a weaker dollar.

The Federal Reserve is due to release the minutes off its latest monetary policy meeting on Wednesday, potentially shedding some light on the outlook for interest rates.

The International Monetary Fund and World Bank meetings happen in Washington this week. The U.S. earnings season also gets underway this week, with financial giants Citigroup, JPMorgan Chase, Bank of America and Wells Fargo due to report their quarterly results.

Earlier in the day, the British Retail Consortium said that like-for-like sales in the United Kingdom climbed 1.9 percent on year in September. That followed the upwardly revised 1.6 percent increase in August.

Overnight, U.S. stocks fell slightly as many traders were away from their desks due to the Columbus Day holiday. The Nasdaq Composite slid 0.2 percent to end a nine-day winning streak while the S&P 500 and the Dow slipped 0.2 percent and 0.1 percent, respectively.

European markets eked out modest gains on Monday, with strong German industrial output figures and easing worries over Catalonia offering some support.

The pan-European Stoxx Europe 600 index gained 0.2 percent. The German DAX rose 0.2 percent and France's CAC 40 index inched up 0.1 percent while the U.K.'s FTSE 100 slipped 0.2 percent.

by RTT Staff Writer

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