Europe set open Higher on an OPEC Deal

The financial markets in Europe are set to open Monday on a solid foot. Investors are, for now, shrugging off a global security threat and another ballistic missile test out of North Korea.

As of 7:00 am London time, futures in London are up 16 points. Futures in Germany are 34 points higher and in France they are twenty points higher.

Looking at political news in Europe, a key victory for German Chancellor Angela Merkel’s conservatives in a state election, held Sunday, as well as news that Russia and Saudi Arabia are probably agreeing to extend oil output cuts should support the markets and keep them positive territory Monday.

However, there are some worries out there. There are growing cybersecurity threats, after more than 200,000 computers in 150 countries fell victim to a ransomware attack called “WannaCry.” The hermit state of North Korea also conducted a new missile test.

Europe gets more Corporate Earnings

Looking at today’s corporate and economic calendar in Europe, investors will get some more corporate earnings. These include the chemical manufacturer Evonik and the industrial service provider Bilfinger. Travel service company Tui is also reporting today.

In France, the country’s new President Emmanuel Macron will begin his first day in office today. Firstly, Macron will appoint of his new prime minister. Then he has a meeting with German Chancellor Angela Merkel.

In the United Kingdom, today, Britain’s Conservative Party will publish its manifesto. This is ahead of the general election happening on June 8.