European stocks look set to open a tad higher on Tuesday amid renewed optimism over the economic recovery and vaccine rollouts. <\/p>\n
Covid-19 vaccines developed by Pfizer Inc with BioNTech SE and Moderna Inc were highly effective at 90 percent after two doses in a study of real-life conditions, the U.S. Centers for Disease Control and Prevention reported Monday.<\/p>\n
Asian markets<\/span> remain broadly higher despite surging bond yields. Benchmark 10-year Treasury yields rose as high as 1.7450 percent in Asian trade, approaching the 14-month high of 1.7540 percent touched earlier this month. <\/p>\n Japanese government bond yields rose as an auction for two-year notes witnessed weak demand.<\/p>\n Gold extended slide to hover near two-week low as the dollar hit a one-year high against the yen amid the spike in Treasury yields.<\/p>\n Oil prices slipped as shipping traffic resumed through the Suez Canal and focus shifted to an OPEC+ meeting this week where the extension of supply curbs may be on the table.<\/p>\n Economic confidence survey data from euro area and flash consumer price figures from Germany are due later in the session, headlining a busy day for the European economic news.<\/p>\n U.S. stocks closed mixed overnight as banks came under selling pressure amid concerns about a large hedge fund defaulting on a margin call. <\/p>\n The tech-heavy Nasdaq Composite shed 0.6 percent and the S&P 500 finished marginally lower, while the Dow edged up 0.3 percent.<\/p>\n