European Stocks Seen Largely Higher; Virus Outbreaks Still a Worry

European stock markets are seen largely rebounding Tuesday after the previous session’s sharp losses. However, the overall tone remains weak amid concerns that the region’s recovery will be stymied by fresh lockdowns.

European Stocks

European stocks sold off sharply on Monday, with these three benchmark cash indexes all dropping over 3%.

• At 2:05 AM ET (0605 GMT), the DAX futures contract in Germany traded 0.2% lower.
• CAC 40 futures in France climbed 0.6%.
• The FTSE 100 futures contract in the U.K. rose 0.6%.

Commodities

• U.S. crude futures traded 0.1% lower at $39.51 a barrel.
• The international benchmark Brent contract fell 0.1% to $41.41.
• Both oil benchmarks fell around 4% on Monday.
• Elsewhere, gold futures rose 0.4% to $1,917.95/oz.