Peter Nurse

Investing.com: European stock markets will open higher on Tuesday after recovering from recent losses, but concerns about a weak global recovery are high.

The contract in Germany was trading 1% higher at 2AM ET (0600 GMT), while the French contract rose 0.8% and the U.K contract rose 0.5%.

Over the past month, European equity shares have fallen by 1.4%, 3.7% and 2% respectively. This is due to concerns about higher interest rates, COVID lockdowns, inflation and war in Ukraine, which could lead to a slowdown in global economic recovery.

Another sign of the slowdown came Monday when weak numbers in China were accompanied by a sharp fall at the New York Fed’s.

Official data from Europe showed that the French experienced their lowest quarterly rate for 14 years during the first quarter. However, this was a slight drop of 7.3%, while the U.K. saw a decline of around 57,000 and then dropped to 3.7%.

In the later part of the session, Eurozone’s second quarter estimate is likely to be revised by 0.2%. This would bring the quarterly growth rate up to 5.0% compared with the previous year.

Investors remain focused on the war in Ukraine. Kyiv stated Monday that troops protecting Kharkiv (the country’s second largest city) had defeated Russian forces, and were now at the Russian border.

Additionally, Finland and Sweden are set to deliver their formal applications at NATO’s headquarters in Brussels this week.

Daimler Truck (ETR) is the most prominent corporate vehicle after this German manufacturer of commercial vehicles increased its revenue projections for 2022. This was due to strong demand from customers, which allowed it to raise prices.

ABB (SIX 🙂 will also be on the radar after ABB announced plans for increasing sales in its motion business prior to its investor day.

The European Union’s failure to reach an agreement on an import ban for Russian crude failed Tuesday to stabilize oil prices. This would tighten the global supply.

EU foreign ministers failed in their attempts on Monday to get Hungary to lift its veto of the bloc’s proposed oil embargo on Russia in response to the invasion of Ukraine. It will be subject to further negotiations and its implementation is uncertain.

Investors await U.S. crude oils supply data from, expected later in the morning.

At 2AM ET, the barrel was flat at $111.82 per barrel while the contract was mostly unchanged at $114.25. Both benchmarks gained more than 2% on Monday, adding to Friday’s 4% increase.

Also, the price rose 0.7% at $1,827.36/oz and traded 0.2% higher to 1.0455