European stocks are expected to open slightly higher on Tuesday, driven by the positive momentum in U.S. Treasuries. Overnight gains in the Treasuries market were fueled by the anticipation of weak economic data in the United States, specifically in the areas of inflation, labor market, and manufacturing. Investors are closely monitoring these indicators as they seek clues about the state of the U.S. economy and the likelihood of additional stimulus measures.
This cautious sentiment is likely to impact European markets as well. Traders will be watching for any signs of weakness in the upcoming data releases and adjusting their positions accordingly. As the global economy continues to navigate the challenges posed by the ongoing pandemic, any indications of a slowdown in key economic indicators could have a significant impact on investor sentiment and market performance.
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