European markets are heading for a higher open Tuesday, building on positive momentum in the previous session.
Regional markets closed higher Monday, buoyed by a rebound in tech stocks on Wall Street, and the U.K.'s FTSE 100 clocked its fourth daily gain Monday and surpassed its previous record close set on Feb. 20, 2023.
U.K. stocks were boosted, while sterling tumbled against the U.S. dollar as investors raised bets on a summer interest rate cut from the Bank of England.
Investors in the region are looking ahead to bank earnings this week, and will be keeping an eye on a range of tech earnings stateside, with Tesla reporting during U.S. trading hours Tuesday.
Organizations:
U.S, Bank of England, Investors