Investors are also monitoring European natural gas prices, which saw aMonday on the threat of strike action in Australia which could disrupt 10% of the world's liquefied natural gas flows.
Meg O'Neill, CEO of Woodside Energy, told CNBC said the current tone of discussions meant she was "optimistic" significant industrial action could be avoided. On the geopolitical front, the leaders of Brazil, China, India and South Africa are meeting in Johannesburg for the BRICS summit. Russia will be represented by Foreign Minister Sergey Lavrov.European stock markets are set to open higher Tuesday, according to IG data.
The FTSE 100 is seen 19.5 points higher at 7,278, Germany's DAX 86.6 points higher at 15,683, and France's CAC 40 39 points higher at 7,236.climbed as much as 3.36% on Tuesday after news that its chip unit Arm filed for a Nasdaq listing. Arm did not disclose a share price and therefore has no valuation yet for the listing, but Reuters said that it is expected to be "the largest of the year."