Investing.com - European stocks were higher on Tuesday, recovering from the previous session's losses amid hopes for additional easing measures by the European Central Bank.
During European morning trade, the EURO STOXX 50 gained 0.38%, France’s CAC 40 rose 0.35%, while Germany’s DAX 30 added 0.18%.
European equities found support after Reuters reported on Monday that the ECB could cut its deposit rate deeper into negative territory at its December meeting.
But gains were expected to remain limited as Friday's U.S. employment data paved the way for the Federal Reserve to raise interest rates at its December meeting.
Financial stocks were broadly higher, as French lenders BNP Paribas (PA:BNPP) and Societe Generale (PA:SOGN) added 0.23% and 0.34%, while Germany's Commerzbank (DE:CBKG) eased up 0.09%.
Among peripheral lenders, Italy's Intesa Sanpaolo (MI:ISP) and Unicredit (MI:CRDI) climbed 0.71% and 0.94% respectively, while Spanish banks BBVA (MC:BBVA) and Banco Santander (MC:SAN) rose 0.20% and 0.37%.
Elsewhere, Deutsche Lufthansa (DE:LHAG) saw shares tumble 1.34% as the company's cabin crew union ignored an offer for a higher one-time payment of €3,000 for flight attendants and continued a strike that’s set to be the longest in the carrier’s history.
In London, FTSE 100 added 0.18%, helped by Vodafone (L:VOD), whose shares surged 3.12% after reporting a better-than-expected acceleration in revenue growth in the second quarter.
Meanwhile, mining stocks were mixed on the commodity-heavy index. Shares in Glencore (L:GLEN) slipped 0.18% and Bhp Billiton (L:BLT) lost 0.91%, while Rio Tinto (L:RIO) gained 0.68% and Randgold Resources (L:RRS) rallied 2.44%.
In the financial sector, stocks were mostly lower as Barclays (L:BARC) and Lloyds Banking (L:LLOY) slid 0.30% and 0.34% respectively, while the Royal Bank of Scotland (L:RBS) tumbled 1.03%. HSBC Holdings (L:HSBA) overperformed, with shares rising 0.22%.
In the U.S., equity markets pointed to a steady open. The Dow Jones Industrial Average futures pointed to a 0.02% uptick, S&P 500 futures signaled a 0.04% gain, while the Nasdaq 100 futures indicated a 0.04% loss.