LONDON — European stocks opened cautiously higher Tuesday, with market uncertainty lingering over the outlook for interest rate cuts.
The pan-European Stoxx 600 index was up 0.07% in early deals, with sectors and major bourses trading in mixed territory. Tech stocks added 0.58%, while oil and gas fell 0.59%.
Shares of Danish biotech company Zealand Pharma rose 4%, recovering losses from the previous session after CEO Adam Steensberg told Reuters last week that the company was looking for a big pharma partner to help bring its weight loss drug to market.
Global markets will be focused on key Federal Reserve events this week. Minutes from the central bank's most recent meeting will be released Wednesday, before Fed Chair Jerome Powell's Jackson Hole, Wyoming, speech on Friday.
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