European markets inch higher following global gains
LONDON — European stocks were cautiously higher on Tuesday, attempting to grab the baton amid positive global sentiment.
| TICKER | COMPANY | NAME | PRICE | CHANGE | %CHANGE | VOLUME |
|---|---|---|---|---|---|---|
| .FTSE | FTSE 100 | *FTSE | 7192.48 | -11.35 | -0.16 | 314183695 |
| .GDAXI | DAX | *DAX | 15501.23 | 26.76 | 0.17 | 24968075 |
| .FCHI | CAC 40 Index | CAC | 6661.04 | -12.06 | -0.18 | 29775755 |
The pan-European Stoxx 600 edged 0.3% higher by early afternoon, with basic resources adding 1.4% while food and beverage stocks fell 0.5%
The tepid trade comes after gains on Wall Street later on Monday that saw the S&P 500 notching its fourth consecutive positive day
U.S. stock futures were also higher in premarket trading Tuesday as investors tracked a big day of earnings on Tuesday with Netflix, Johnson & Johnson, United Airlines and Procter & Gamble all reporting report
Both Johnson & Johnson and Procter & Gamble beat third-quarter expectations, boosting sentiment, while Netflix and United Airlines are due to report later in the day
Shares in Asia-Pacific also rose in Tuesday trade following the U.S. gains, with investors also monitoring Apple supplier shares after the Cupertino-based tech giant announced new products on Monday
Earnings in Europe came from Danone, Kering, Vinci and Deutsche Boerse on Tuesday, while BHP released an operational review
In terms of individual share price movement, German mass media company ProSiebenSat.1 climbed 5% by early afternoon trade to lead the Stoxx 600
At the bottom of the European blue chip index, Swiss biotech company Bachem Holding fell more than 10% after announcing a 584 million Swiss franc ($634 million) capital raise through the placement of 750,000 new shares
