European Indices Set to Open Higher While Ukraine Tensions Easing

London, United Kingdom (PressExposure) August 21, 2014 -- European shares are set to open higher on Tuesday with easing tensions in Ukraine and the anticipation of more stimulus from the European Central Bank (ECB) boosting sentiment. On Monday, Russia said a dispute over its humanitarian convoy to Ukraine had been resolved and a Ukrainian official said more than five hours of discussions in Berlin brought about "moderate progress." This come as deaths were recorded near the east Ukrainian city of Luhansk on Monday where rocket fire hit a convoy of buses carrying refugees from the city.

Ukraine's military and pro-Russian rebels said blamed each other for the strike, according to Reuters news agency. Over in the Middle East, Israel and Hamas agreed on Monday to prolong their truce for another 24 hours to pursue talks on a long-term ceasefire and a broader deal for the war-ravaged region. Meanwhile, Iraqi and Kurdish troops reportedly reclaimed control of the Mosul Dam after increased U.S. airstrikes aimed to help them during the weekend.

As well as geopolitical tensions, investors are set to focus on global monetary policy with the gathering of top central bankers at Jackson Hole later this week. Federal Reserve chair Janet Yellen will address the audience at the event with market watchers looking for more guidance. Yellen is set to focus on unemployment and wage growth, potentially offering markets a hint on the direction of monetary policy for the rest of the year. ECB President Mario Draghi will also speak at the event, which investors will watch given last week's poor European data. A rather pessimistic update from the Bundesbank on Monday sparked speculation that the ECB will ramp up monetary easing in the near future.

Assets to Watch for today:

Assets to watch: DAX, FTSE, EUR/USD, GBP/USD, USD/JPY, Gold
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Press Release Submitted On: August 20, 2014 at 6:18 am
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