This is CNBC's live blog covering European markets.
European markets are heading for a positive open Tuesday, reversing negative sentiment in the region, but investors will be keeping a close eye on borrowing costs for a number of core European economies this week as bond yields remain elevated.
Major European stock markets fell on Monday amid worries over rising government bond yields and a surging U.S. dollar, with the pan-European Stoxx 600 index seeing most sectors closing in the red.
Euro zone and U.K. government bond yields, as well as U.S. Treasurys, are being closely watched this week after the interest rate on short and long-dated government debt climbed to fresh multi-month highs last week and remained elevated on Monday.
Asia-Pacific markets and U.S. stock futures rose overnight as investors braced themselves for the U.S.' latest producer price index, which measures wholesale inflation. Economists polled by Dow Jones predict that headline PPI grew 0.4%, while the core figure, which excludes food and energy, rose 0.3%.
The reading comes ahead of the closely followed consumer price index report on Wednesday. Both reports will inform the Federal Reserve's next move on interest rates.
-- CNBC's Brian Evans contributed to this market summary.
Tech stocks continued to reign supreme among investors in 2024 with many investors favoring some of the so-called Magnificent Seven stocks of Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia and Tesla, as well as other lesser-known small- and medium-sized companies.
Principal Asset Management's Martin Frandsen continues to see potential in the Magnificent Seven this year, but also sees value in other stocks within the sector.
Elsewhere, Michele Schneider, chief market strategist at Marketgauge.com sees opportunities in a range of high-growth sectors that are "poised to offer substantial returns for strategic reallocations of undervalued assets."
She also revealed three tech stocks she's betting on right now.
The S&P 500 and Dow Jones Industrial Average ended Monday's session in the green.
The broad market index added 0.16%, while the Dow rose 0.86%.
The tech-heavy Nasdaq Composite underperformed the market and closed 0.38% lower.
-- Hakyung Kim
European markets are expected to open higher Tuesday.