European stocks are set for a cautious open on Tuesday as global investors continue to monitor the geopolitical situation in Ukraine.
Russian President Vladimir Putin and German Chancellor Olaf Scholz will hold talks in Moscow on Tuesday as diplomatic efforts ramp up amid fears that Russia could invade Ukraine in the coming days, a claim the Kremlin has repeatedly denied.and ordered the relocation of staff to the western Ukrainian city of Lviv, citing the "dramatic acceleration in the buildup of Russian forces" at Ukraine's border.
Markets around the world have been roiled over the past week by a ratcheting up of tensions in eastern Europe and concerns that themore aggressively than hoped, following the highest annual inflation print since 1982. Shares in Asia-Pacific were mixed on Tuesday as investors continued to monitor developments in Ukraine, while U.S. stock futures were fractionally lower in early premarket trade, pointing to a lackluster open on Wall Street later in the day.
Earnings remain a key driver of individual share price movement in Europe, with Glencore, Engie, Randstad and DSM among the companies reporting before the bell on Tuesday. On the data front, a euro zone flash fourth-quarter GDP estimate is due on Tuesday morning, along with December's employment and trade figures for the bloc.
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