Investing.com – European stock markets were broadly higher on Tuesday, as upbeat earnings reports boosted market sentiment, while U.S. futures indexes pointed to a higher open on Wall Street.
During European morning trade, the EURO STOXX 50 jumped 0.93%, France’s CAC 40 was up 0.84%, while Germany's DAX climbed 0.98%.
Shares in Europe’s second largest semiconductor manufacturer Infineon Technologies surged 2.67% after it reported a 72% jump in fiscal first quarter net income. The company said that revenue in the quarter grew by 34% to EUR922 million.
Meanwhile, shares in ARM Holdings climbed 3.03% after it said that fourth quarter profit rose to GBP29.7 million, as revenue jumped by nearly 33% to GBP113.9 million. The company also lifted its 2011 full year earnings outlook.
Elsewhere in the technology sector, shares in STMicroelectronics added 0.97%, while ASML Holding saw shares rise 0.94%.
Meanwhile, shares in Germany’s largest retailer Metro gained 2.35% after UBS upgraded the stock to ‘buy’.
Also Tuesday, Europe’s second biggest tire-maker Continental surged 2.87% after Deutsche Bank recommended buying the stock.
In London, the commodity-heavy FTSE 100 was up 0.47% as resource stocks led markets higher after crude oil and metal prices advanced.
Shares in the world’s largest mining group BHP Billiton rallied 2.38%, copper producer Xstrata surged 2.53%, while energy producer International Power saw shares jump 1.93%.
However, shares in Europe’s second largest oil producer BP dropped 1.69% after the company reported its first full-year loss in nearly two decades. The oil major reported a net loss of GBP3.1 billion in 2010, as overall costs for the Gulf of Mexico oil spill weighed on results.
The outlook for U.S. equity markets, meanwhile, was upbeat ahead of earnings reports from pharmaceutical giant Pfizer and from semiconductor manufacturer Broadcom.
The Dow Jones Industrial Average futures pointed to a gain of 0.24%, S&P 500 futures indicated a rise of 0.34%, while the Nasdaq 100 futures pointed to an increase of 0.28%.
Later in the day, European Central Bank President, Jean-Claude Trichet was to speak at a public engagement while in the U.S., the Institute of Supply Management was to publish data on manufacturing growth.
During European morning trade, the EURO STOXX 50 jumped 0.93%, France’s CAC 40 was up 0.84%, while Germany's DAX climbed 0.98%.
Shares in Europe’s second largest semiconductor manufacturer Infineon Technologies surged 2.67% after it reported a 72% jump in fiscal first quarter net income. The company said that revenue in the quarter grew by 34% to EUR922 million.
Meanwhile, shares in ARM Holdings climbed 3.03% after it said that fourth quarter profit rose to GBP29.7 million, as revenue jumped by nearly 33% to GBP113.9 million. The company also lifted its 2011 full year earnings outlook.
Elsewhere in the technology sector, shares in STMicroelectronics added 0.97%, while ASML Holding saw shares rise 0.94%.
Meanwhile, shares in Germany’s largest retailer Metro gained 2.35% after UBS upgraded the stock to ‘buy’.
Also Tuesday, Europe’s second biggest tire-maker Continental surged 2.87% after Deutsche Bank recommended buying the stock.
In London, the commodity-heavy FTSE 100 was up 0.47% as resource stocks led markets higher after crude oil and metal prices advanced.
Shares in the world’s largest mining group BHP Billiton rallied 2.38%, copper producer Xstrata surged 2.53%, while energy producer International Power saw shares jump 1.93%.
However, shares in Europe’s second largest oil producer BP dropped 1.69% after the company reported its first full-year loss in nearly two decades. The oil major reported a net loss of GBP3.1 billion in 2010, as overall costs for the Gulf of Mexico oil spill weighed on results.
The outlook for U.S. equity markets, meanwhile, was upbeat ahead of earnings reports from pharmaceutical giant Pfizer and from semiconductor manufacturer Broadcom.
The Dow Jones Industrial Average futures pointed to a gain of 0.24%, S&P 500 futures indicated a rise of 0.34%, while the Nasdaq 100 futures pointed to an increase of 0.28%.
Later in the day, European Central Bank President, Jean-Claude Trichet was to speak at a public engagement while in the U.S., the Institute of Supply Management was to publish data on manufacturing growth.