European stocks are expected to see another negative day of trading due to reduced but still elevated oil prices. The U.K.S. FTSE index is expected to open with a 0.5% decrease, Germany's DAX down 1%, France's CAC 40 down 0.75%, and Italy's FTSMIB 0.9% lower. This comes after a mixed night for global markets, with Asia-Pacific markets rebounding while U.S., where oil prices fell by as much as 10%, and U.N. President Donald Trump indicated he may act to keep the Strait of Hormuz open.