European markets set for mixed open as investors await key economic data

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European markets set for mixed open as investors await key economic data
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European markets are set for a mixed open on Tuesday after closing out their fourth straight month of gains, with economic data expected from the euro zone.

Final IHS Markit manufacturing PMI readings for May are due out of the euro zone and the U.K. on Tuesday morning, along with flash euro zone inflation figures and unemployment rates. Italy confirms its final first-quarter GDP growth rate.

Oil prices surged overnight during Asian trading hours, with international benchmark Brent crude futures up 1.36% at $70.26 per barrel. U.S. crude futures advanced 2.04% to $67.67 per barrel. European markets are set for a mixed open on Tuesday after closing out their fourth straight month of gains, with a host of economic data out of the euro zone coming into view.

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