Stocks in Europe have rallied hard since hitting a low in March, with gains driven by fiscal and central bank stimulus around the globe and a gradual easing of restrictions. The U.K. announced a major relaxation of restrictions on its crucial service sector on Tuesday. However, fears are mounting that the removal of these restrictions may have come too quickly and a second wave of the Covid-19 virus is on its way. At 2 AM ET,
U.S. crude futures traded 0.1% higher at $40.42 a barrel. The international benchmark
Brent contract rose 0.84 to $42.80.Elsewhere, gold futures rose 0.2% to $1,785.55/oz, while EUR/USD traded at 1.1300, down 0.1%.