Market Overview

European markets are gearing up for a mostly higher opening this Tuesday, as investors eagerly await earnings reports from industry giants such as Ferrari, Hugo Boss, Philips, Continental, and Uniper. The trading session is also set to be influenced by a slew of economic data releases across the continent.

Key Economic Indicators

Highlighting the day's economic calendar are French industrial output figures, Spanish and Swiss unemployment changes, alongside services PMIs from the Eurozone, Germany, and the UK. Additionally, the eurozone producer price index will be closely watched for signs of inflationary pressures.

Early Market Movements

At 8:00 am CET, the DAX showed a modest increase of 0.13%, while the British FTSE 100 and the CAC 40 advanced by 0.15% and 0.17%, respectively. In contrast, the Euro Stoxx 50 experienced a slight decline of 0.21%.

Currency Watch

The euro and the pound remained steady against the US dollar, trading at $1.13194 and $1.132905, respectively, as of 7:58 am CET.