Investing.com – European stocks were up on Tuesday, amid mounting optimism over the global economic recovery, while U.S. futures indexes pointed to a higher open on Wall Street.
During European morning trade, the EURO STOXX 50 gained 0.50%; France’s CAC 40 climbed 0.48%; while Germany's DAX added 0.21%.
Shares in the financial sector performed strongly, tracking overnight gains from their counterparts in Asia and Wall Street.
Shares in Europe’s largest banking group BNP Paribas gained 1.14%, German lender Deutsche Bank saw shares jump 1.12%, while shares in Italy’s biggest bank Unicredit climbed 1.08%.
Meanwhile, shares in Germany’s largest retailer Metro surged 1.98% after the company said it planned to open five wholesale outlets in India in the first quarter of 2011.
Elsewhere, shares in the world’s second largest retailer Carrefour jumped 2.16% after Bank of America-Merrill Lynch recommended buying the stock.
In London, the commodity-heavy FTSE 100 rallied 1.98% in the first trading session of 2011, as U.K. markets reopened after the New Year’s holiday.
Shares in oil and gas giant British Petroleum soared 5.04%, silver producer Fresnillo saw shares jump 5.43%, while shares in the world’s fourth largest copper producer Xstrata surged 4.02%.
Meanwhile, shares in British lenders were broadly higher after the nation’s banking sector was upgraded by BNP Paribas, which said worries over the impact of Ireland’s financial crisis had been overdone.
Shares in the Royal Bank of Scotland climbed 4.27%, rivals Barclays saw shares leap 3.09%, while Lloyds Banking Group saw shares gain 3.50%.
Earlier in the day, data showed that U.K. manufacturing activity in December rose to the highest level since September 1994.
The outlook for U.S. equity markets, meanwhile, was upbeat. The Dow Jones Industrial Average futures pointed to a gain of 0.28%, S&P 500 futures indicated a rise of 0.22% and Nasdaq 100 futures pointed to an increase of 0.15%.
Later in the day, the Federal Reserve was to publish the minutes of its December monetary policy meeting. The country was also to produce official data on factory orders.
During European morning trade, the EURO STOXX 50 gained 0.50%; France’s CAC 40 climbed 0.48%; while Germany's DAX added 0.21%.
Shares in the financial sector performed strongly, tracking overnight gains from their counterparts in Asia and Wall Street.
Shares in Europe’s largest banking group BNP Paribas gained 1.14%, German lender Deutsche Bank saw shares jump 1.12%, while shares in Italy’s biggest bank Unicredit climbed 1.08%.
Meanwhile, shares in Germany’s largest retailer Metro surged 1.98% after the company said it planned to open five wholesale outlets in India in the first quarter of 2011.
Elsewhere, shares in the world’s second largest retailer Carrefour jumped 2.16% after Bank of America-Merrill Lynch recommended buying the stock.
In London, the commodity-heavy FTSE 100 rallied 1.98% in the first trading session of 2011, as U.K. markets reopened after the New Year’s holiday.
Shares in oil and gas giant British Petroleum soared 5.04%, silver producer Fresnillo saw shares jump 5.43%, while shares in the world’s fourth largest copper producer Xstrata surged 4.02%.
Meanwhile, shares in British lenders were broadly higher after the nation’s banking sector was upgraded by BNP Paribas, which said worries over the impact of Ireland’s financial crisis had been overdone.
Shares in the Royal Bank of Scotland climbed 4.27%, rivals Barclays saw shares leap 3.09%, while Lloyds Banking Group saw shares gain 3.50%.
Earlier in the day, data showed that U.K. manufacturing activity in December rose to the highest level since September 1994.
The outlook for U.S. equity markets, meanwhile, was upbeat. The Dow Jones Industrial Average futures pointed to a gain of 0.28%, S&P 500 futures indicated a rise of 0.22% and Nasdaq 100 futures pointed to an increase of 0.15%.
Later in the day, the Federal Reserve was to publish the minutes of its December monetary policy meeting. The country was also to produce official data on factory orders.