Earnings are set to come from Adidas, Lufthansa, Novartis, Santander and BP, among others. Data releases of note include Germany's GfK consumer confidence figures. Europe's largest lenderCNBC Pro: Alibaba and more: Fund manager gets bullish on 3 China tech stocks — expecting one to double
Shares of e-commerce giants in China look attractive as Beijing attempts to stimulate domestic consumption, according to investor Jason Hsu.Hsu, founder and chairman of Rayliant Global Advisors, revealed three of his top picks and one he is more cautious about due to company-specific factors., boosted by strong revenue growth, as it embarks on a major restructuring to balance its operations in China and the West.
HSBC's pre-tax profit rose 10% compared with the $7.7 billion posted a year ago. The company's quarterly revenue grew 5to $17 billion from the $16.2 billion that was reported a year ago, while after-tax profit gained $500 million from last year to $6.7 billion.Yen plummeted to a three-month low Such a phenomenon raises uncertainties as"we may not know how this new government is going to look like, who the potential coalition partners coalition agreements are going to be," Izumi Devalier, chief Japan economist at Bank of America..Earnings are set to come from Adidas, Lufthansa, Novartis, Santander and BP, among others. Data releases of note include Germany's GfK consumer confidence figures.
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European stocks open higher; Ericsson up 7%; UK wage growth falls to two-year lowEuropean stocks opened higher Tuesday, with global markets broadly tracking gains on Wall Street.
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