European stocks are expected to open higher Tuesday, continuing the positive trend set at the start of the week.
European stocks closed sharply higher Monday as investor confidence rose with lockdown restrictions around the world being lifted. A big boost for global markets has also come with hope of a potential coronavirus vaccine after a positive development from a Moderna trial.. The company said that after two doses, all 45 trial participants had developed coronavirus antibodies.combat the impact of the coronavirus pandemic.
Meanwhile, U.S. President Donald Trump threatened to permanently cut off U.S. funding of the World Health Organization,In Europe Tuesday, investors will be looking out for new car registration data from Europe in April with the figures expected to show a sharp decline in sales. Germany's closely-watched ZEW survey of economic sentiment for May is also due.
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