European Markets Eye Positive Open

Investors are turning their attention to earnings reports from major firms such as Ferrari, Hugo Boss, Philips, Continental, and Uniper, alongside a slew of economic data releases. This comes as European markets are expected to open mostly higher on Tuesday.

Key Economic Indicators to Watch

Today's session brings important 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. These indicators are crucial for gauging the health of the European economy.

Market Movements

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

Currency Watch

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