Investing.com - European stocks were higher on Tuesday, as markets eyed the release of German data later in the day, while speculation over a possible near-term end to the Federal Reserve's stimulus program persisted.
During European morning trade, the EURO STOXX 50 climbed 0.54%, France’s CAC 40 gained 0.40%, while Germany’s DAX 30 advanced 0.89%.
Global stocks weakened on Monday amid expectations that U.S. retail sales data would underline the view that the economic recovery strong enough for the Federal Reserve to begin scaling back its asset purchase program later this year.
The U.S. was also to release data on inflation, industrial production, housing starts and consumer confidence later in the week.
Financial stocks were mixed, as French lenders BNP Paribas and Societe Generale declined 0.17% and 1.80%, while Germany's Deutsche Bank rose 0.34%.
Among peripheral lenders, Spanish banks Banco Santander and BBVA added 0.19% and 0.28% respectively, while Italy's Intesa Sanpaolo and Unicredit climbed 0.74% and 0.85%.
Elsewhere, E.ON surged 4.09% after the German utility reported first-half underlying net income of EUR1.91 billion, exceeding the average analyst estimate of EUR1.79 billion.
Also in earnings news, Pandora rallied 3.49% as the Danish maker of bracelets and charms reported second-quarter income that topped analyst estimates, thanks to sales of new products.
In London, commodity-heavy FTSE 100 gained 0.52%, supported by gains in mining stocks.
Mining giants BHP Billiton and Rio Tinto climbed 0.55% and 2.34% respectively, while Evraz and Fresnillo jumped 2.35% and 5.53%.
Financial stocks were also mostly higher, with shares in Barclays edging up 0.08% and the Royal Bank of Scotland advancing 0.55%, while HSBC Holdings gained 0.87%. Lloyds Banking underperformed however, shedding 0.38%.
In the U.S., equity markets pointed to a higher open. The Dow Jones Industrial Average futures pointed to a 0.29% rise, S&P 500 futures signaled a 0.26% gain, while the Nasdaq 100 futures indicated a 0.36% increase.
Later in the day, the ZEW Institute was to release its closely watched report on German economic sentiment.
During European morning trade, the EURO STOXX 50 climbed 0.54%, France’s CAC 40 gained 0.40%, while Germany’s DAX 30 advanced 0.89%.
Global stocks weakened on Monday amid expectations that U.S. retail sales data would underline the view that the economic recovery strong enough for the Federal Reserve to begin scaling back its asset purchase program later this year.
The U.S. was also to release data on inflation, industrial production, housing starts and consumer confidence later in the week.
Financial stocks were mixed, as French lenders BNP Paribas and Societe Generale declined 0.17% and 1.80%, while Germany's Deutsche Bank rose 0.34%.
Among peripheral lenders, Spanish banks Banco Santander and BBVA added 0.19% and 0.28% respectively, while Italy's Intesa Sanpaolo and Unicredit climbed 0.74% and 0.85%.
Elsewhere, E.ON surged 4.09% after the German utility reported first-half underlying net income of EUR1.91 billion, exceeding the average analyst estimate of EUR1.79 billion.
Also in earnings news, Pandora rallied 3.49% as the Danish maker of bracelets and charms reported second-quarter income that topped analyst estimates, thanks to sales of new products.
In London, commodity-heavy FTSE 100 gained 0.52%, supported by gains in mining stocks.
Mining giants BHP Billiton and Rio Tinto climbed 0.55% and 2.34% respectively, while Evraz and Fresnillo jumped 2.35% and 5.53%.
Financial stocks were also mostly higher, with shares in Barclays edging up 0.08% and the Royal Bank of Scotland advancing 0.55%, while HSBC Holdings gained 0.87%. Lloyds Banking underperformed however, shedding 0.38%.
In the U.S., equity markets pointed to a higher open. The Dow Jones Industrial Average futures pointed to a 0.29% rise, S&P 500 futures signaled a 0.26% gain, while the Nasdaq 100 futures indicated a 0.36% increase.
Later in the day, the ZEW Institute was to release its closely watched report on German economic sentiment.