European stocks head for positive open as global markets seek to rebound from losses

European markets continue to monitor events in Ukraine closely. President Joe Biden is heading to Brussels on Wednesday and on Thursday will attend an emergency NATO summit, meet G-7 leaders, and address EU leaders at a meeting of the European Council.

Biden and his European counterparts will announce new sanctions against Russia and new measures to tighten existing sanctions during his trip to Brussels this week, national security adviser Jake Sullivan said Tuesday. In the U.K., Chancellor Rishi Sunak will deliver his Spring Statement to Parliament on Thursday on the state of the British economy amid a cost of living crisis in the country and concerns over planned tax rises.

U.K. inflation data is due on Wednesday as well as the latest reading of euro zone consumer confidence.Sign up for

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