Europe opens higher ahead of earnings

Tuesday, 19. October 2021 09:04

Major European stock markets opened higher on Tuesday as investors braced for the acceleration of corporate earnings season, with Johnson & Johnson, Halliburton, Procter & Gamble, Phillip Morris, Netflix and United Airlines all set to release theirs today.

Notably, British Prime Minister Boris Johnson announced £9.7 billion worth of foreign investment in the United Kingdom's economy, as the French auto industry grappled with ongoing supply issues.

The DAX gained 0.16% at the opening bell, with Delivery Hero SE increasing by 1.14%. Similarly, the FTSE 100 increased 0.20%, with Polymetal International PLC leading the gains with 2.23%. Similarly, the CAC 40 rose by 0.19%, led by ArcelorMittal's 1.77% increase. The euro rose 0.33% against the dollar to sell for $1.16489 at 8:55 am CET, while the pound increased 0.35% to $1.37753 at the same time.

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Breaking the News / TT