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European stocks set to rally at the open, shaking off global market panic

LONDON — European stocks are expected to open higher Tuesday, with global markets looking set to rally after widespread volatility on Monday.

On Tuesday, the U.K.'s FTSE index is expected to open 53 points higher at 8,049, Germany's DAX up 122 points at 17,436, France's CAC 40 up 48 points at 7,180 and Italy's FTSE MIB 170 points higher at 31,615, according to data from IG.

European stocks fell sharply Monday, with the regional Stoxx 600 index plunging 3.5% and tech and bank stocks declining sharply.

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