European markets opened higher on Tuesday, reversing negative sentiment in the region, but investors will keep a close eye on borrowing costs in some core European economies this week as bond yields remain elevated.
British FTSE 100 The German stock index is expected to open 4 points higher at 8,226 German DAX Index France rose 106 points to 20,241 CAC Up 66 points to 7,472 points, Italy FTSE MIB It rose 272 points to 35,082 points, according to IG data.
Transaction update settings from Ocado, JD Sports, persimmon and Omavi Tuesday. Lindt The latest financial report will be released.
Major European stock markets fell on Monday on concerns about rising government bond yields and a surge in the dollar. Stoxx 600 Index Most industries are in the red.
euro area and UK government bond yieldU.S. Treasuries, as well as U.S. Treasuries, have come under close scrutiny this week after interest rates on short- and long-term government debt climbed to multi-month highs last week and remained elevated Monday.
Asia Pacific market and US stock futures The dollar rose overnight as investors braced for the latest U.S. producer price index, which measures wholesale inflation. economist Surveyed by Dow Jones The overall PPI is forecast to grow by 0.4%, while the core data excluding food and energy is expected to grow by 0.3%.
The data comes ahead of Wednesday’s closely watched consumer price index report. Both reports will inform the Fed’s next interest rate moves.
—CNBC’s Brian Evans contributed to this market summary.
