European markets will turn upward on Tuesday

The European stock market will turn to a rebound on Tuesday after 3 consecutive days of overselling, mainly due to concerns about the US recession, disappointing high-tech enterprise financial results, and a drastic reversal in yen carry trades.

Meanwhile, investors will evaluate Eurozone retail sales and construction industry PMI for June.

In business-related matters, financial results for Bayer, Intercontinental Hotels, Abdon, etc. are planned.

Futures for Euro Stoxx 50 and Stoxx 600 rose more than 1% in pre-market trading.