European markets head for higher open
1 min read
European markets are expected to open higher Tuesday, bouncing back from Monday’s losses on coronavirus concerns and bank allegations.
London’s FTSE is seen opening 30 points higher at 5,826, Germany’s DAX up 101 points at 12,613, France’s CAC 40 up 36 points at 4,816, and Italy’s FTSE MIB up 125 points at 18,861, according to IG.
European shares look set to recover from Monday’s losses; the pan European Stoxx 600 closed down by over 3.2% provisionally, with banks plunging 5.7% and travel stocks tumbling 5.2% to lead losses as all sectors and major bourses slid into negative territory.
