(Reuters) – Major European stock markets edged higher in early trading on Tuesday, led by major mining companies, ahead of a series of key data releases later this week.
In Paris, the CAC 40 gained 0.21% to 7,606.15 points at around 07:46 GMT. In Frankfurt, the Dax advanced 0.11% and in London, the FTSE 100 gained 0.65%.
The EuroStoxx 50 index is up 0.14%, the FTSEurofirst 300 is up 0.28% and the Stoxx 600 is up 0.23%.
Stock markets started the session in the green, but with no catalyst ahead of Friday’s release of eurozone inflation figures and the US PCE price index, which will provide fresh clues about the likely course of monetary policy on both sides of the Atlantic.
Operators are also awaiting the publication of Nvidia’s results on Wednesday, in a context of high expectations for groups linked to artificial intelligence.
In corporate news, the giant BHP Group, which reported a bigger than expected rise in its annual underlying profit, is leading the European sector (+0.95%) in basic resources, with Rio Tinto and Anglo American advancing by around 2%.
In Frankfurt, Daimler Truck and Continental are experiencing opposite fortunes: the former is down 1.24% after Goldman Sachs downgraded its recommendation to “neutral”, while the latter is up 3.7%, supported by UBS’s upgrade to “buy”.
(Written by Diana Mandiá, edited by Kate Entringer)
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