European shares were called to open higher on Monday as sentiment brightened at the start of the third quarter. European leaders agreed to shore up the region’s banks last week and investors turned their attention to the health of the U.S. economy.
The FTSE was seen opening higher by 20 points at 5591, the DAX was expected to open up 15 points at 6431, and the CAC40 was seen opening higher by 1 point at 3196.
Marcus Agius, chairman of Barclays , is expected to formally announce his resignation from the board on Monday morning, following the scandal reported last week at the bank involving the manipulation of the London interbank offered rate by traders.
The chairman’s intention to resign was reported on Sunday as questions were raised at the weekend over the extent of the scandal.
Barclays Chief Executive Bob Diamond has been summoned to the British parliament’s Treasury Select Committee on Wednesday, to answer questions about what he knew about the interest rate manipulation which led to a £290 million ($453 million) fine from US and UK regulators.
France will lower its economic growth forecasts for this year and next as part of a revised budget the government will present later this week to meet its public deficit targets, finance minister Pierre Moscovici said on Sunday.Page 1 of 3 | Next Page