Investing.com - European stock markets were higher on Tuesday, as sentiment improved after German lawmakers approved a second bailout for Greece and as investors eyed a second liquidity operation by the European Central Bank.
During European morning trade, the EURO STOXX 50 climbed 0.63%, France’s CAC 40 rose 0.47%, while Germany’s DAX 30 advanced 0.55%.
Sentiment strengthened after Germany’s parliament approved a EUR130 bailout package for Greece on Monday, shrugging off a decision by ratings agency Standard & Poor's to cut Greece’s long term credit rating to 'selective default'.
Meanwhile, markets were looking ahead to a long term refinancing operation by the ECB after a similar operation in December eased pressure on peripheral euro zone bond markets.
Financial stocks led gains as French lenders Societe Generale and BNP Paribas jumped 2.14% and 1.14%, while Germany’s Deutsche Bank and Commerzbank added 1.85% and 1.38% respectively.
Peripheral lenders were also sharply higher. Italy’s Unicredit and Intesa Sanpaolo soared 2.79% and 1.75%, while Spanish Banco Santander and BBVA rose 1.59% and 1.35%.
Elsewhere, French carmaker Peugeot saw shares surge 7.58% on reports General Motors is in advanced discussions to buy a small stake in the company.
The deal would include a standstill agreement under which GM would not take a greater holding in the Paris- based carmaker without permission.
In London, FTSE 100 rose 0.21%, boosted by strong gains in the financial sector.
Shares in HSBC Holdings jumped 1.75% and the Royal Bank of Scotland advanced 1.36%, while Lloyds Banking and Barclays added 0.32% and 0.20%.
Mining giants Rio Tinto and Bhp Billiton also contributed to gains as shares rose 0.78% and 0.62%, while copper producers Xstrata and Kazakhmys climbed 0.75% and 0.57% respectively.
Cove Energy also rallied 3.54% after the Times of India reported that Oil & Natural Gas Corp. and GAIL India Ltd. may offer USD2 billion for the company, outbidding PTT Exploration & Production Pcl and Royal Dutch Shell Plc.
In the U.S., equity markets pointed to a higher open. The Dow Jones Industrial Average futures pointed to a rise of 0.36%, S&P 500 futures signaled a 0.38% increase, while the Nasdaq 100 futures indicated a 0.38% gain.
Also Tuesday, a report by Gfk showed that German consumer climate rose less-than-expected to 6.0 in February from a reading of 5.9 the previous month, disappointing expectations for reading at 6.1.
Later in the day, the U.S. was to produce official data on durable goods orders, as well as industry data on house price inflation and consumer confidence.
During European morning trade, the EURO STOXX 50 climbed 0.63%, France’s CAC 40 rose 0.47%, while Germany’s DAX 30 advanced 0.55%.
Sentiment strengthened after Germany’s parliament approved a EUR130 bailout package for Greece on Monday, shrugging off a decision by ratings agency Standard & Poor's to cut Greece’s long term credit rating to 'selective default'.
Meanwhile, markets were looking ahead to a long term refinancing operation by the ECB after a similar operation in December eased pressure on peripheral euro zone bond markets.
Financial stocks led gains as French lenders Societe Generale and BNP Paribas jumped 2.14% and 1.14%, while Germany’s Deutsche Bank and Commerzbank added 1.85% and 1.38% respectively.
Peripheral lenders were also sharply higher. Italy’s Unicredit and Intesa Sanpaolo soared 2.79% and 1.75%, while Spanish Banco Santander and BBVA rose 1.59% and 1.35%.
Elsewhere, French carmaker Peugeot saw shares surge 7.58% on reports General Motors is in advanced discussions to buy a small stake in the company.
The deal would include a standstill agreement under which GM would not take a greater holding in the Paris- based carmaker without permission.
In London, FTSE 100 rose 0.21%, boosted by strong gains in the financial sector.
Shares in HSBC Holdings jumped 1.75% and the Royal Bank of Scotland advanced 1.36%, while Lloyds Banking and Barclays added 0.32% and 0.20%.
Mining giants Rio Tinto and Bhp Billiton also contributed to gains as shares rose 0.78% and 0.62%, while copper producers Xstrata and Kazakhmys climbed 0.75% and 0.57% respectively.
Cove Energy also rallied 3.54% after the Times of India reported that Oil & Natural Gas Corp. and GAIL India Ltd. may offer USD2 billion for the company, outbidding PTT Exploration & Production Pcl and Royal Dutch Shell Plc.
In the U.S., equity markets pointed to a higher open. The Dow Jones Industrial Average futures pointed to a rise of 0.36%, S&P 500 futures signaled a 0.38% increase, while the Nasdaq 100 futures indicated a 0.38% gain.
Also Tuesday, a report by Gfk showed that German consumer climate rose less-than-expected to 6.0 in February from a reading of 5.9 the previous month, disappointing expectations for reading at 6.1.
Later in the day, the U.S. was to produce official data on durable goods orders, as well as industry data on house price inflation and consumer confidence.