LONDON—European stock markets opened higher on Tuesday as traders bet on central banks cutting rates in 2024, oil prices gained after a naval clash in the Red Sea, and Chinese stocks were weighed down by mixed economic data. Global stock markets rose overall in 2023, having gained particularly in the last two months of the year, while bond yields fell. This upbeat market sentiment continued on Tuesday as traders returned from end-of-year holidays. The pan-European STOXX 600 rose in early European trading, hitting its highest in nearly two years, up 0.5 percent on the day at 0829 GMT. Eurozone bank stocks rose to their highest since…
