European Markets Kick Off with Gains

Investors welcomed the opening of European stock markets with optimism on Tuesday, as they eagerly awaited new economic data and earnings reports. The positive sentiment was bolstered by strong performances across major indexes.

BP's Remarkable Recovery

In a surprising turn of events, BP plc announced a staggering $1.6 billion profit for the second quarter of 2025, a significant improvement from the net loss of $129 million recorded in the same period the previous year.

Industrial Production on the Rise

Adding to the upbeat mood, French industrial production saw a 3.8% increase in June compared to May, while Spain reported a modest 1% rise. Market participants are now looking forward to the release of the German composite PMI report later today.

Index Performances Highlighted

At the opening bell, the German DAX climbed by 0.63%, with Siemens Energy leading the charge with a 1.38% gain. The CAC 40 wasn't far behind, advancing by 0.55%, thanks to a 0.56% rise in Safran SA. The Euro Stoxx 50 and FTSE 100 also enjoyed positive movements, with the latter gaining 0.99% by 9:01 am CET.

Currency Movements

On the currency front, the euro experienced a slight decline against the dollar, trading at $1.8347, while the pound remained stable at $1.33454.