European Markets Set to Rise

European markets are gearing up for a mostly higher opening this Tuesday, with investors keenly awaiting earnings reports from industry giants such as Ferrari, Hugo Boss, Philips, Continental, and Uniper. The focus doesn't stop there; a slew of economic data is also on the agenda, promising to keep traders on their toes.

Economic Data Releases

Key economic indicators including French industrial output, Spanish and Swiss unemployment changes, alongside Eurozone and German services PMIs, UK services PMI, and the eurozone producer price index, are set to provide fresh insights into the region's economic health.

Market Movements

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

Currency Watch

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