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European Shares Seen Up On Optimism Over US-China Talks


European stocks may open a tad higher on Tuesday, as investors remain hopeful that a new round of U.S.-China trade talks would help to resolve their trade dispute.

Negotiators from the two countries are meeting this week in Beijing, with White House adviser Kellyanne Conway saying President Donald Trump wants to meet Chinese President Xi Jinping very soon.

Two days of high-level talks starting Thursday would involve U.S. Trade Representative Robert Lighthizer, Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He.

Asian stocks remain broadly higher after U.S. congressional negotiators reached an agreement to avoid a new government shutdown and provide finance for the construction of new barriers along the U.S.-Mexico border.

The dollar edged down marginally after recent strong gains while oil prices rose, drawing support from OPEC-led supply cuts and the U.S. sanctions on Venezuela.

On the Brexit front, a study found that a British departure from the European Union without a trade agreement in hand could put 600,000 jobs around the world at risk.

U.S. stocks ended a choppy session on a mixed note overnight. The Dow Jones Industrial Average slid 0.2 percent, while the tech-heavy Nasdaq Composite and the S&P 500 inched up around 0.1 percent.

European markets rose on Monday amid hopes the U.S. and China could soon settle their trade dispute.

The pan European Stoxx 600 rose 0.9 percent. The German DAX rallied 1 percent, France's CAC 40 index climbed 1.1 percent and the U.K.'s FTSE 100 advanced 0.8 percent.

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