Investing.com – European stocks advanced on Tuesday, boosted by upbeat corporate earnings reports, while U.S. futures indexes pointed to a higher open on Wall Street.
During European morning trade, the EURO STOXX 50 was up 0.73%; France’s CAC 40 rose 0.59%; while Germany's DAX gained 0.57%.
In earnings news, shares in the world’s largest mobile-phone company Vodafone gained 1.69% after it said fiscal first-half profit rose to GBP 8.24 billion, up from GBP 5.74 billion a year earlier. The company also raised its full-year earnings profit to GBP 12.2 billion, up from GBP 11.8 billion, citing higher sales in emerging markets.
Meanwhile, shares in French luxury goods maker Hermes International soared 3.79% after it said third-quarter net profit rose by 31% to EUR 590.1 million, up from EUR 452.1 million a year earlier. The company said sales in the third-quarter increased by 25.4% from a year earlier.
Elsewhere, shares in Europe’s largest postal service Deutsche Post leaped 3.09% after it reported third-quarter profit rose to EUR 226 million, beating analyst expectations of EUR 215 million.
In London, the FTSE 100 was up 0.72% as shares in Britain’s third-largest lender Barclays jumped 1.84% after it said its capital ratio “remains strong”, despite reporting that its third-quarter profit fell 76% from a year earlier, due to lower revenue in the bank’s investment banking unit.
The commodity sector performed strongly as metal prices advanced. Shares in the world’s largest mining group BHP Billiton gained 2.31%, shares in rivals Rio Tinto soared 3.30%, while copper producer Xstrata saw shares leap 3.00%.
The outlook for U.S. equity markets, meanwhile, was upbeat. The Dow Jones Industrial Average futures pointed to a gain of 0.13%, S&P 500 futures pointed to an increase of 0.06%, and Nasdaq 100 futures pointed to a rise of 0.24%.
Later in the day, the U.S. was to publish data on economic outlook and wholesale inventories.
During European morning trade, the EURO STOXX 50 was up 0.73%; France’s CAC 40 rose 0.59%; while Germany's DAX gained 0.57%.
In earnings news, shares in the world’s largest mobile-phone company Vodafone gained 1.69% after it said fiscal first-half profit rose to GBP 8.24 billion, up from GBP 5.74 billion a year earlier. The company also raised its full-year earnings profit to GBP 12.2 billion, up from GBP 11.8 billion, citing higher sales in emerging markets.
Meanwhile, shares in French luxury goods maker Hermes International soared 3.79% after it said third-quarter net profit rose by 31% to EUR 590.1 million, up from EUR 452.1 million a year earlier. The company said sales in the third-quarter increased by 25.4% from a year earlier.
Elsewhere, shares in Europe’s largest postal service Deutsche Post leaped 3.09% after it reported third-quarter profit rose to EUR 226 million, beating analyst expectations of EUR 215 million.
In London, the FTSE 100 was up 0.72% as shares in Britain’s third-largest lender Barclays jumped 1.84% after it said its capital ratio “remains strong”, despite reporting that its third-quarter profit fell 76% from a year earlier, due to lower revenue in the bank’s investment banking unit.
The commodity sector performed strongly as metal prices advanced. Shares in the world’s largest mining group BHP Billiton gained 2.31%, shares in rivals Rio Tinto soared 3.30%, while copper producer Xstrata saw shares leap 3.00%.
The outlook for U.S. equity markets, meanwhile, was upbeat. The Dow Jones Industrial Average futures pointed to a gain of 0.13%, S&P 500 futures pointed to an increase of 0.06%, and Nasdaq 100 futures pointed to a rise of 0.24%.
Later in the day, the U.S. was to publish data on economic outlook and wholesale inventories.