European markets looked set to recover on Tuesday after a wide-ranging and punishing selloff in the prior trading session.
Markets had suffered a selloff on Monday amid anxiety about rising COVID-19 caseloads and warnings from scientists that measures were being relaxed too soon in the UK.
In England, nightclubs were allowed to open for the first time in more than a year and requirements for mask-wearing were relaxed. It came even as new cases of COVID-19 in the UK hit 50,000 a day.
Overnight, the US raised its travel warning for the UK to the highest level — from “reconsider travel” to “do not travel”.
“The uptick in covid cases around the world has investors wondering whether the strong economic recovery seen in the first half will…