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Euro Shares Seen Higher, But Recession Fears Linger

European equities were set to tick higher on Tuesday following a recent drop, but the gains could be limited as investors continue to fret about the prospect of a U.S. recession in the wake of weak jobs data.

Financial bookmakers, or spread betters, in London expected Britain's FTSE 100 index to open between 13 and 15 points higher, the German DAX also 13 to 15 points higher and the French CAC 40 10 to 11 points higher.

The FTSEurofirst 300 index of top European shares ended virtually unchanged on Monday at 1,457.79 points, as gains in defensive stocks such as telecoms and healthcare were eclipsed by fears of recession.