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European markets head for mixed open; UK retail sales nudge higher in August

Crowds of shoppers and visitors out on Oxford Street on 28th August 2024 in London, United Kingdom.

LONDON — European stocks are expected to open in mixed territory Tuesday, bouncing back from a lackluster start to September trading at the beginning of the week.

The U.K.'s FTSE index was last seen opening 10 points higher at 8,369 points and Germany's DAX up just 3 points at 18,927, with France's CAC 40 falling 5 points to 7,640, according to data from IG.

Regional markets fell on Monday as September trading got underway, after the pan-European Stoxx 600 index clocked a 1.33% gain for August.

Investors are continuing to consider the outlook for interest rates and markets. Markets have fully priced for the Federal Reserve to begin interest rate cuts in September, with the central bank's next meeting set for Sept. 17-18.

A slew of U.S. data is due this week, including the purchasing managers' index, factory orders, jobless claims, nonfarm payrolls and the unemployment rate.

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