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European stocks set for mixed open as investors monitor U.S. stimulus hopes, coronavirus cases

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European stocks are heading for a mixed open on Tuesday as signs of progress on fresh U.S. government stimulus efforts weigh off against concerns about a burgeoning coronavirus resurgence worldwide.

unveiled a new $1 trillion coronavirus relief plan, clearing the path for talks with Democrats in a bid to pass the bill as unemployment benefits expire. The proposal focuses on returning schools and businesses to full functioning and would see unemployment benefits slashed from $600 per week to $200 per week.

Investors will also have an eye on the upcoming meeting of the U.S. Federal Reserve on Wednesday, with Fed Chairman Jerome Powell expected to reiterate the central bank's dovish monetary policy stance. has continued to rally to record highs, peaking at around $1,975 per ounce in the early hours of Tuesday and putting the $2,000 milestone firmly in its sights.are likely capping sentiment, however, with new travel restrictions being imposed by various countries in Asia and Europe as surges have been reported in a number of countries which had seemingly contained the virus. More than 16.4 million cases have now been confirmed worldwide, with more than 654,000 deaths.

 

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