Investing.com – European stock markets were broadly higher on Tuesday ahead of a meeting of euro zone finance ministers in Brussels, while U.S. futures indexes pointed to a higher open on Wall Street.
During European morning trade, the EURO STOXX 50 jumped 0.94%, France’s CAC 40 advanced 0.68%, while Germany's DAX was up 0.75%.
Shares in the financial sector performed strongly ahead of a meeting of finance ministers from all 27 euro zone nations due to be held later on Tuesday.
Shares in France’s second largest lender Societe Generale climbed 2.34%, Spain’s biggest bank Banco Santander saw shares rally 3.35%, while shares in rival BBVA surged 3.63%.
Elsewhere, shares in European chipmakers were broadly higher, tracking gains by their Asian counterparts and after Goldman Sachs upgraded the sector.
Shares in Europe’s largest chipmaker STMicroelectronics surged 2.02%, rival Infineon Technologies jumped 3.68%, while U.K. based ARM Holdings gained 1.46%.
Meanwhile, shares in the world’s fifth largest automaker Daimler soared 3.33% after Morgan Stanley upgraded the stock to ‘overweight’. Rival BMW saw shares rise 1.20%.
In London, the commodity-heavy FTSE 100 jumped 1.15% as crude oil and metal prices advanced.
Shares in the world’s largest mining group BHP Billiton added 1.88%, oil and gas giant British Petroleum saw shares gain 1.51%, while shares in copper producer Xstrata surged 2.30%.
Meanwhile, shares in luxury goods retailer Burberry rallied 3.68% after it reported third quarter revenue jumped by 27% from a year earlier to GBP480 million, beating analysts’ expectations for revenue of GBP434 million.
The outlook for U.S. equity markets, meanwhile, was upbeat ahead of earnings reports from technology giant Apple and from the world's biggest provider of computer services International Business Machines.
The Dow Jones Industrial Average futures pointed to a gain of 0.29%, S&P 500 futures indicated a rise of 0.37% and Nasdaq 100 futures pointed to an increase of 0.47%.
Later in the day, the U.S. was to publish official data on manufacturing activity in New York State as well as a report on the balance of domestic and foreign investment.
During European morning trade, the EURO STOXX 50 jumped 0.94%, France’s CAC 40 advanced 0.68%, while Germany's DAX was up 0.75%.
Shares in the financial sector performed strongly ahead of a meeting of finance ministers from all 27 euro zone nations due to be held later on Tuesday.
Shares in France’s second largest lender Societe Generale climbed 2.34%, Spain’s biggest bank Banco Santander saw shares rally 3.35%, while shares in rival BBVA surged 3.63%.
Elsewhere, shares in European chipmakers were broadly higher, tracking gains by their Asian counterparts and after Goldman Sachs upgraded the sector.
Shares in Europe’s largest chipmaker STMicroelectronics surged 2.02%, rival Infineon Technologies jumped 3.68%, while U.K. based ARM Holdings gained 1.46%.
Meanwhile, shares in the world’s fifth largest automaker Daimler soared 3.33% after Morgan Stanley upgraded the stock to ‘overweight’. Rival BMW saw shares rise 1.20%.
In London, the commodity-heavy FTSE 100 jumped 1.15% as crude oil and metal prices advanced.
Shares in the world’s largest mining group BHP Billiton added 1.88%, oil and gas giant British Petroleum saw shares gain 1.51%, while shares in copper producer Xstrata surged 2.30%.
Meanwhile, shares in luxury goods retailer Burberry rallied 3.68% after it reported third quarter revenue jumped by 27% from a year earlier to GBP480 million, beating analysts’ expectations for revenue of GBP434 million.
The outlook for U.S. equity markets, meanwhile, was upbeat ahead of earnings reports from technology giant Apple and from the world's biggest provider of computer services International Business Machines.
The Dow Jones Industrial Average futures pointed to a gain of 0.29%, S&P 500 futures indicated a rise of 0.37% and Nasdaq 100 futures pointed to an increase of 0.47%.
Later in the day, the U.S. was to publish official data on manufacturing activity in New York State as well as a report on the balance of domestic and foreign investment.