European Stock Futures Edge Up; German Poll, Evergrande, Energy Crunc in Focus By Investing.com – Investing.com

European Stock Futures Edge Up; German Poll, Evergrande, Energy Crunc in Focus By Investing.com – Investing.com

© Reuters.

By Peter Nurse 

Investing.com - European stock markets are expected to open marginally higher Tuesday, as investors continue to digest the inconclusive result of the weekend’s German election as well as Chinese property group Evergrande’s ongoing debt crisis.

At 2:05 AM ET (0605 GMT), the contract in Germany traded 0.2% higher, in France climbed 0.4% and the contract in the U.K. rose 0.2%.

Investors will be keeping an eye on the ramifications of Germany’s on Sunday, which resulted in the Social Democrats party narrowly winning the vote.

Prolonged negotiations are likely to follow in order to form a coalition to govern Europe's biggest economy, but the far left's weak result has in all likelihood ruled it out as a potential partner, to the market’s relief.

Investors also continue to fret about the future of China Evergrande Group (HK:), and the potential for global contagion, after it failed on Friday to meet a deadline to make an interest payment to offshore bond holders. The world’s most indebted property developer now has 30 days to make the payment before it falls into default. The Chinese central bank injected another 100 billion yuan into