European markets opened higher as global markets rally.
Yields and prices move in opposite directions and one basis point is equal to 0.01%.CNBC Pro: Morgan Stanley's Slimmon says the S&P 500 will near 5,000 by year-end — and names 3 stocks to buy
Morgan Stanley Investment Management's Andrew Slimmon said he believes markets are set for a "strong rally" by the end of the year." on Tuesday that he believes the S&P 500 will be "closer" to 5,000 by then. If it reaches 5,000, that's an upside of nearly 13% from Monday's close of 4,433.
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