{"id":6671,"date":"2021-01-26T05:46:29","date_gmt":"2021-01-26T05:46:29","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/01\/26\/european-shares-seen-higher-at-open\/"},"modified":"2021-01-26T05:46:29","modified_gmt":"2021-01-26T05:46:29","slug":"european-shares-seen-higher-at-open","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/01\/26\/european-shares-seen-higher-at-open\/","title":{"rendered":"European Shares Seen Higher At Open"},"content":{"rendered":"
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European stocks look set to open a tad higher on Tuesday, even as underlying sentiment may remain cautious amid worries about U.S. stimulus and surging coronavirus<\/span> infections.<\/p>\n

U.S. President Joe Biden said he’s open to negotiations on his $1.9 trillion Covid-19 relief proposal, but didn’t rule out pursuing a Democrat-only route for passage.<\/p>\n

U.S. Senate Majority Leader Chuck Schumer said earlier Monday an aid package was unlikely before mid-March, just when jobless benefits from the last package will be running out.<\/p>\n

A number of GOP Senators have expressed skepticism about the need for additional stimulus after recently approving a $900 billion relief package.<\/p>\n

Meanwhile, House Democrats delivered the impeachment case against Donald Trump to the Senate late on Monday, paving the way for a trial over the former president’s alleged role in a violent riot.<\/p>\n

On the pandemic front, a senior World Health Organization (WHO) official has warned of the risk of continued transmission of the coronavirus even after large-scale vaccinations. <\/p>\n

U.S. infectious-disease chief Anthony Fauci said he’s worried about delays to second doses.<\/p>\n

Asian markets<\/span> dipped as investors looked ahead to the Federal Reserve’s monetary policy decision and briefing by Chair Jerome Powell scheduled for Wednesday.<\/p>\n

The dollar rose against a basket of currencies and U.S. Treasury yields hit three-week lows while crude oil fluctuated under $53 a barrel amid prospects of U.S. drillers boosting shale output. <\/p>\n

U.S. stocks ended mixed overnight amid concerns over the timing and size of fiscal stimulus. The Dow Jones Industrial Average slipped 0.1 percent, while the S&P 500 rose 0.4 percent and the tech-heavy Nasdaq Composite added 0.7 percent to reach fresh record closing highs. <\/p>\n

European markets fell sharply on Monday as investors fretted over tighter Covid-19 restrictions and possible delay in vaccine supplies.<\/p>\n

The pan European Stoxx 600 gave up 0.8 percent. The German DAX tumbled 1.7 percent, France’s CAC 40 index shed 1.6 percent and the U.K.’s FTSE 100 dropped 0.8 percent. <\/p>\n<\/p>\n

Market Analysis<\/p>\n<\/div>\n