European stocks are seen opening higher on Monday after Wall Street ended a lackluster session moderately higher Friday.
Crude oil prices rebounded from seven-week lows in Asian trading Monday, spurred by bargain-hunting amid heightened tensions between Iran and western nations over Iran's nuclear program. Crude futures for March delivery are currently trading at $71.53 a barrel, up 0.48% from the previous close.
That said, with most Asian stocks edging lower today on persistent doubts about the health of the global economy, trading is likely to remain volatile on alternate bouts of buying and profit taking. The Dow futures are now moving down by 6 points, pointing towards weakness on Wall Street Monday morning.
In corporate news, business software provider SAP AG said that the SAP Supervisory Board has reached a mutual agreement with CEO Leo Apotheker to not extend his contract as a member of the SAP Executive Board. Apotheker, who joined the company more than 20 years ago has resigned as CEO and member of the SAP Executive Board effective immediately.
HotelsCombined.com announced new supplier agreements with European online travel agents Hotel Reservation Service and Hotelopia, part of TUI Travel Plc.
BHP Billiton Plc announced the appointment of Chris Campbell as President of Iron Ore business, replacing Ian Ashby who will become Chief executive of Western Australia Iron Ore production joint venture with Rio Tinto.
Spanish bank Banco Santander S.A. is considering initial public offerings for its U.K. and U.S. operations, following the successful floatation of its Brazilian subsidiary last year, according to media reports.
Areva SA and Electricite de France SA have reached an agreement covering the transportation, treatment and recycling of used nuclear fuel.
BT Group Plc has decided to open its underground cable ducts to allow competitors to run their own broadband networks through its infrastructure, the Financial Times reported.
Government-finance specialist Dexia SA agreed on a restructuring deal with European regulators to sell off about 35% of its balance sheet by 2014.
Italian oil firm Eni SpA has withdrawn its bid for the acquisition of Heritage's 50 percent interest in blocks 1 and 3A in western Uganda, reports suggest.
The European markets fell for the third day on Friday, as banking stocks extended their losses on worries over fiscal woes in Greece, Spain and Portugal and commodity stocks slipped after crude oil and metals prices declined.
The FTSEurofirst 300 index of pan-European blue chips closed 2.10% lower, while the narrower DJ Stoxx 50 index fell 2.14%. Around Europe, the U.K.'s FTSE 100 index fell 1.53%, France's CAC 40 index dropped 3.40% and Germany's DAX index slipped 1.79%.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.