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Europe stocks expected to rebound after Chinese tariff retaliation

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European futures are seen slightly higher Tuesday as markets look to mitigate the sharp downturn caused by China's announcement of retaliatory tariffs on U.S. imports Monday.

The FTSE 100 is seen around 16 points higher, set to open at around 7,179, while the DAX is expected to open around 15 points higher at 11,891. The CAC 40 is seen around 20 points higher at 5,282.

Beijing announced Monday that it would raise tariffs on $60 billion worth U.S. goods starting on June 1 as the ongoing trade war between the world's largest economies intensifies.

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