European stocks head for mixed open as Wall Street rally takes a breather

Regional markets had a tentative start to the new trading week Monday and the lack of momentum looks set to continue Tuesday.

Today, investors in Europe, the Middle East and Africa will be keeping an eye out as Nigeria's central bank publishes its latest monetary policy decision, and as earnings come from Smiths Group, Ocado Retail, Bellway and A.G. Barr.were mixed Tuesday as the U.S. market took a breather after a rally sparked by optimism over the Federal Reserve's interest rate stance at its latest meeting.

As high inflation appears to be waning, a long-neglected set of stocks stands to benefit from consumers settling into a new normal spending pattern, according to HSBC.The investment bank named two stocks that will benefit from the emerging trend—one of which uses AI to enhance its products. The bank also expects the stock to rise by more than 85% over the next 12 months.

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