European Markets Eye Positive Open

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. The trading session is also set to be influenced by a series of key economic releases.

Economic Indicators to Watch

Among the economic data expected, French industrial output, Spanish and Swiss unemployment changes, along with Eurozone and German services PMIs, UK services PMI, and the eurozone producer price index are poised 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%, while the British FTSE 100 and the CAC 40 advanced by 0.15% and 0.17%, respectively. Conversely, the Euro Stoxx 50 experienced a slight decline of 0.21%.

Currency Watch

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