India, July 1 -- Stock markets in Europe are expected to open on a positive note on Tuesday amidst expectations of a de-escalation in global trade tensions. Renewed hopes of another rate cut by the Federal Reserve in September also supported sentiment. However, concerns over the U.S. tax bill are also expected to sway sentiment.
Wall Street had closed on a positive note on Monday amidst renewed hopes of resolution of trade related disputes between the U.S. and its trading partners. The Dow Jones Industrial Average added 0.63 percent to finish trading at 44,094.77. The Nasdaq Composite also rallied 0.47 percent to close trading at a record high of 20,369.73.
European markets had however closed on a negative note on Monday as markets awaite...