European markets are expected to open slightly lower Tuesday as concerns over the threat to economic recovery of new coronavirus cases in the U.S. temper Monday's rally.
European stocks look set to follow the mixed tone set in, where markets in South Korea and Japan retreated, while mainland Chinese shares continued Monday's blockbuster rally.
German industrial production data came in weaker than expected on Tuesday morning, rising by 7.8% in May, a more modest rebound than the 10% expected by analysts polled by Reuters following a -17.5% contraction in April. The Greater Miami area on Monday became the latest new Covid-19 hot spot in the U.S. to reverse some of its reopening efforts, as new cases continue to surge nationwide. There are now more than 2.9 million confirmed cases in the U.S. and more than 130,000 deaths, according to data compiled by Johns Hopkins University.
Meanwhile, further alarm bells have been sounded over the possible airborne spread of the virus, with the World Health Organization now reviewing a request from over 200 scientists for renewed guidance.
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