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European Stocks Seen Opening Weak On Tuesday

December 6, 2022

European stock markets are likely to open negative on Tuesday tracking losses in Asian peers and overnight losses on Wall Street. Stronger-than-expected services activity data from the U.S. on Monday renewed fears of further tightening by the Fed, which eclipsed the positive sentiment generated by easing Covid curbs in China.

Renewed Fed jitters dragged the Wall Street lower on Monday, with the Nasdaq Composite shedding 1.9 percent to close at 11,239.94 and the Dow Jones Industrial Average dropping 1.4 percent to finish trading at 33,947.10.

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