European markets head for lower open as comeback rally remains out of reach

European markets head for lower open as comeback rally remains out of reach

LONDON — European stocks are expected to open lower Tuesday as U.S. markets struggle to maintain a comeback rally. The U.K.'s index is seen opening 35 points lower at 7,468, Germany's 47 points lower at 14,099, France's  down 28 points at 6,310 and Italy's 168 points lower at 23,945, according to data from IG. The negative open expected in Europe comes as global markets struggled to sustain a comeback rally following weeks of losses. Monday although stocks had rallied stateside earlier in the trading session, with the Dow jumping 618 points, or nearly 2%, following a week of sharp losses. The S&P 500 rose 1.9%, and the Nasdaq Composite gained 1.6%. European stocks were also trading higher on Monday despite fears over the global economy dominating market sentiment of late. were subdued in Tuesday trading. The World Economic Forum is taking place in Davos this week, bringing together political and business leaders from around the world. This year's summit comes after several years of Covid-19 pandemic and amid Russia's invasion of Ukraine, which is at the top of the agenda. On Tuesday, CNBC will be speaking to a wide range of leaders, including the chairmen of Publicis Groupe and