At 2:00 ET, the German DAX futures contract traded 0.2% higher (07:00 GMT). However, the French CAC 40 futures contract also saw a 0.6% increase in trading. In the UK, the FTSE 100 futures contract traded steadily.

European Stock Markets Finished the Day in The Green

On Monday, the major European indices all ended the day higher. This continued the current upbeat mood brought on by investors’ confidence. According to its statement, the Federal Reserve will soon scale down its abrasive monetary tightening campaign.

Tuesday’s results should indicate less hope for Europe’s inflation forecast. This suggests that to bring inflation in the medium term to goal, the European Central Bank (ECB) still needs to boost rates.

In October, Spain’s consumer price index is expected to increase 0.4% month over month. This comes after a 0.7% monthly decline. In France, it is projected that the consumer price index will increase by 1.0% month over month in October. This was after falling by 0.6% the prior month.

This session will provide third-quarter GDP and unemployment figures for the Eurozone. Additionally, this session will also include the highly anticipated German ZEW economic mood report. According to figures released on Tuesday, China’s industrial production increased less than anticipated in October. Retail sales, however, surprisingly decreased, indicating that there may be problems for the world’s second-largest economy.

Additionally, in September, the jobless rate in the UK rose to 3.6%. At the same time, average salaries rose by 5.7% month over month. This might be a factor in the nation’s persistent inflation problems.

Investors to Closely Watch the G20 Summit in Indonesia

Global investors will be paying careful attention to the G20 Summit in Indonesia. The meeting is taking place while relations between the US and China seem to be strengthening. Credit Suisse (SIX: CSGN) confirmed a deal with Apollo Global Management in the corporate world (NYSE: APO).

Credit Suisse is looking to sell its Securitized Products Group and related financing activities to streamline its operations. This action is a component of the Swiss bank’s continuing corporate restructuring efforts. Additionally, the earnings results for the semiconductor manufacturer Infineon (ETR: IFXGn) and the telecoms company Vodafone (LON: VOD) are scheduled to be made public.

Tuesday saw a continuation of the previous day’s decline in oil prices. In addition, new worries about China’s economy impacted forecasts for global demand, causing the prices to go a bit lower. An uptick in instances was seen in China throughout the weekend.

Numerous communities kept using different forms of lockdown. Tuesday morning’s GDP data from China was not very optimistic. This is the most recent evidence that the second-largest economy in the world is struggling to adjust to the ongoing Covid limitations.

For the sixth time since April, the Organization of the Petroleum Exporting Countries (OPEC) has cut its estimate of global oil demand for 2022 by 100,000 barrels per day. This is a consequence of the deteriorating economic climate. At 2:00 p.m. Eastern Time, the cost of a barrel of crude oil in the US has decreased by 0.2% to $85.66.

However, the cost of a barrel of Brent remained the same at $93.22. As a result, every benchmark experienced a loss on Monday of around 3%. Additionally, the price of gold futures fell 0.2% to $1,773.40 per ounce.

This was while the EUR/USD exchange rate increased by 0.1% to 1.1339 overall.

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