European markets head for a negative open as global sentiment remains subdued

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European markets head for a negative open as global sentiment remains subdued
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European markets are heading for a negative open on Tuesday, with global sentiment subdued this week.

The lower open anticipated in Europe comes after markets in the Asia-Pacific region were mixed overnight afteron fears that the U.S. Federal Reserve will keep increasing interest rates.

Market observers are still largely expecting a 50 basis point increase to interest rates at the Fed's December meeting.CNBC Pro: Fund manager says a 'turning point' for Big Tech is near. Here's what he's watching A fund manager has said that a "super week for a potential turning point" in the Nasdaq Composite could be on the horizon.

The tech-heavy Nasdaq has declined by 26.2% this year as the Federal Reserve increased borrowing costs in an effort to bring inflation under control. Julian Howard, multi-asset investment director at GAM, told CNBC what catalyst to look out for and when it might be a good time for tech investors to re-enter the market.CNBC Pro: Analysts think these November winners can rally further — and give 2 more than 160% upsideCNBC Pro screened FactSet for stocks that not only did well last month, but could still see more upside ahead.

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