Markets in Europe are expected to open on a positive note on Tuesday despite worries about the future of monetary policy in the region as well as in the U.S. Markets are keenly watching out for monetary policy cues from the central bankers converging in Jackson Hole, Wyoming on Thursday.
Wall Street had closed on a mixed note on Monday, as a massive rally in Nvidia ahead of its earnings update on Wednesday lifted the Nasdaq Composite about 1.6 percent to 13,497.59. Tesla also added more than 7 percent in the day's trading. Rate hike worries however lingered and the Dow Jones Industrial Average shed 0.11 percent to finish trading at 34,463.69.
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