European stocks are expected to open robustly higher on Tuesday, a day after global markets retreated on fears of a Covid-19 resurgence.
On Monday, concerns about the spread of Covid-19′s delta variant prompted investors around the world to dump equities, especially those directly affected by pandemic restrictions.
New Covid cases are surging in Europe and the U.S. as the delta variant spreads, largely among the young and unvaccinated, or the partially vaccinated. The U.S. is averaging about 26,000 daily cases in the last seven days, more than double the average from a month ago,. About $98 billion was wiped off the entire cryptocurrency market in 24 hours as of 12:29 a.m. ET on Tuesday, according to CoinMarketCap data.
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