European Markets Gear Up for a Positive Open

Investors are turning their eyes towards Europe as the market is set to open mostly higher this Tuesday. The focus is squarely on earnings reports from major corporations such as Ferrari, Hugo Boss, Philips, Continental, and Uniper. Alongside, a slew of economic data is expected to influence market sentiments.

Economic Indicators to Watch

Key releases include French industrial output, Spanish and Swiss unemployment changes, alongside Eurozone and German services PMIs. The UK services PMI and eurozone producer price index are also on the docket, providing a comprehensive look at 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 and CAC 40 advanced by 0.15% and 0.17%, respectively. Conversely, the Euro Stoxx 50 experienced a slight dip of 0.21%.

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