European markets nudge higher as recovery hopes lift global stocks

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European markets set to open modestly higher as recovery hopes lift global stocks

are indicating robust gains on Wall Street at Tuesday's open as trading recommences following Monday's Presidents' Day holiday.

The World Health Organization on Monday authorized the AstraZeneca/University of Oxford Covid-19 vaccine for emergency use, expanding access to the comparatively inexpensive shot around the world. Economic data releases will be high on the agenda in Europe on Tuesday, with euro zone flash GDP and employment figures for the fourth quarter due at 10 a.m. London time.

February's ZEW economic sentiment index for both Germany and the wider euro zone is also expected at 10 a.m.reported a 2020 full-year net profit of 625 million euros , a sharp decline from 2019's 1.73 billion euros. However, the company projected up to 10% growth in its markets for 2021 and increased its dividends to shareholders.

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