European stocks to open in a neutral manner, and activity should be limited by the U.S. holiday.

Given a limited calendar and a U.S. holiday, European stock markets are anticipated to begin Tuesday with little movement.

The main European indexes fell Monday as a result of the ECB's continuing tightening of monetary policy and the announcement of poor industrial activity data for the whole eurozone for the month of June.

Surveys revealed that manufacturing activity declined in all four of the region's largest economies last month, indicating that the slowdown was widespread.

Tuesday's data releases are limited to the German export and import figures for May. These revealed that the nation's imports increased 1.7% in May while its exports decreased by 0.1%, leading to a declining trade surplus of €14.4 billion, down from €16.5 billion the previous month.

Investors will also consider China's most recent volley in the spat between Beijing and the West over access to critical high-tech microchips, in which Beijing has said it will limit exports of certain metals used extensively in the semiconductor sector.

The U.S. is also prepared to restrict Chinese firms' access to cloud computing services, including those provided by Amazon and Microsoft, according to a story published early on Tuesday by The Wall Street Journal.

Tuesday saw a little increase in oil prices as traders weighed more production cutbacks from Saudi Arabia and Russia against global economic activity indicators that were deteriorating.

On Monday, Saudi Arabia stated it plans to extend its already announced reductions in oil production by 1 million barrels per day through August and maybe beyond. Russia also stated it would reduce its oil exports by 500,000 bpd.

Any increases, though, are probably going to be modest because U.S. markets are closed and because China, Germany, and the United States all reported disappointing factory activity readings on Monday.

(Sources: investing.com, reuters.com, wsj.com)