European stock markets are trading higher on Tuesday as global markets look to break out from the gloomy sentiment seen at the start of the trading week.
U.S. stock index futures also picked up in early premarket trade with the Dow futures added 92 points, while the S&P 500 and Nasdaq 100 also advanced modestly.
The pan-European Stoxx 600 gained 0.35% led by oil and gas stocks, on the flip side, telecoms dropped 1%.
Meanwhile, oil rose on Tuesday to hit $70 a barrel for the first time since March. As there are expectations of demand recovery following re-openings of the European and US economies offset concern over spreading coronavirus cases in Asia. Brent crude was up or 0.7% at $69.93, US West Texas Intermediate (WTI) crude was up 0.7% at $66.72.
Gold prices extended gains on Tuesday, hitting their highest level in more than three-and-a-half months. Spot gold was up 0.2% at $1,869.12 per ounce and U.S. gold futures rose 0.1% to $1,869.90.
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