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European stocks seen mixed amid global political uncertainty

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European stocks are set for a mixed open on Tuesday as investors monitor political uncertainty in Italy, Hong Kong and Argentina.

The full Italian senate is due to meet on Tuesday to set the date for a motion of no confidence in the government, after the far-right League party said last week that its governing coalition with the anti-establishment 5-Star Movement had become unworkable.

Asian stocks declined on Tuesday afternoon after Hong Kong protests escalated and shut down the city's airport, resulting in threats from Chinese propaganda outlets, which released a video showing military vehicles amassing near its border. Hong Kong'sMeanwhile, the People's Bank of China set the official midpoint reference rate for the yuan at 7.0326 per dollar on Tuesday, stronger than expected but above the psychological barrier of 7 per dollar for the fourth consecutive session.

Back in Europe, on a visit to London Monday U.S. national security adviser John Bolton voiced the White House's enthusiastic support for Britain leaving the European Union without a deal on October 31, and promised that Washington would work fast on a U.S.-UK free trade agreement.

 

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