European markets were looking at a higher open on Tuesday, tracking shares in Asia higher as investors grew hopeful that Federal Reserve chairman Ben Bernanke could signal additional quantitative easing and as Spain tests investors' appetite for its debt for the first time since it announced further austerity measures.
Weak retail sales in the United States and a lower International Monetary Fund (IMF) global economic growth forecast raised hopes of further monetary easing from the U.S. central bank.
The FTSE was called to open 19 points higher at 5681,the DAX was seen higher by 33 points at 6598 and the CAC 40 was expected to open higher by 20 points at 3199.
Spain plans to auction between 2.5 billion euros and 3.5 billion euros ($3 billion - $4.3 billion) in 12 -and 18-month bonds.
Last week, the country unveiled a 65 billion euro ($80 billion) package of savings and tax hikes in an attempt to demonstrate it can control its finances.
Moody's rating agency cut the credit ratings of ten Italian banks on Monday, bringing the country's top lenders in line with a downgrade to Italy's sovereign rating last week, as well as lowering ratings for companies and local government authorities.Page 1 of 3 | Next Page