Market Overview

European markets are gearing up for a mostly higher opening this Tuesday, as investors shift their focus towards earnings reports from leading companies such as Ferrari, Hugo Boss, Philips, Continental, and Uniper. This session is also packed with crucial economic data releases, offering a comprehensive look at the region's economic health.

Economic Indicators to Watch

Key highlights include French industrial output, Spanish and Swiss unemployment changes, alongside PMIs from the Eurozone, Germany, and the UK. Additionally, the eurozone producer price index will be closely monitored for insights into inflationary trends.

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 Performance

As of 7:58 am CET, both the euro and the pound remained stable against the US dollar, trading at $1.13194 and $1.132905, respectively.