European Markets Gear Up for a Positive Opening

Investors are turning their attention to the latest earnings reports from major firms such as Ferrari, Hugo Boss, Philips, Continental, and Uniper, setting the stage for a mostly higher opening in European markets this Tuesday.

Economic Releases to Watch

The trading session is also highlighted by a series of economic releases, including French industrial output, Spanish and Swiss unemployment changes, Eurozone and German services PMIs, UK services PMI, and the eurozone producer price index, providing a comprehensive overview of the region's economic health.

Market Movements at a Glance

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

Currency Watch: The euro and the pound remained stable against the greenback at 7:58 am CET, trading at $1.13194 and $1.132905, respectively.