PARIS (Reuters) – European stock markets opened higher on Tuesday, supported by stronger-than-expected orders to industry in Germany and a new burst of corporate results.

In Paris, the CAC 40 advanced 0.47% to 7,625.98 points around 08:30 GMT. In Frankfurt, the Dax gained 0.3%, compared to 0.52% for the FTSE in London.

The pan-European FTSEurofirst 300 index rose by 0.52%, the EuroStoxx 50 by 0.47% and the Stoxx 600 by 0.43%.

Futures on New York indices suggest a hesitant opening on Wall Street, with the Dow Jones showing no direction, compared to an increase of 0.15% for the Standard & Poor’s 500 and 0.33% for the Nasdaq.

German industrial orders rose unexpectedly month-on-month in December, up 8.9% seasonally adjusted.

At the same time, quarterly publications continue to drive the stock market, with BP (+6.4%), Infineon (-1.18%) and UBS (-2.6%) having notably published their accounts on Tuesday.

BP leads the entire oil sector, the Stoxx index of which gained 1.85%. In Paris, TotalEnergies advances 1.8%, leading the CAC 40.

The French oil major will publish its quarterly results on Wednesday, alongside Amundi, Vinci and Siemens Energy. On Thursday, Société Générale, Crédit Agricole, L’Oréal, Kering and AstraZeneca will notably publish their accounts. Results from Hermès are expected on Friday.

(Written by Corentin Chappron, edited by Blandine Hénault)

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