European markets open higher as traders digest slew of earnings

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European markets opened higher Tuesday as traders in the region digested the latest slew of earnings reports.

The pan-European Stoxx 600 was up 0.38% in opening trade, with all major bourses and most sectors in the green. Banks added 0.7% while mining stocks dipped 0.5%.'s London-listed shares added 2.9% after it issued a third-quarter earnings report that beat analyst estimates and announced that it will repurchase up to $3 billion in shares.Earnings come from Adidas, Lufthansa, Novartis, Santander and BP, among others. Data releases of note include Germany's GfK consumer confidence figures.

The pan-European Stoxx 600 was up 0.38% in opening trade, with all major bourses and most sectors in the green. Banks added 0.77% while mining stocks dipped 0.4%.Vas Narasimhan, chief executive officer of Novartis AG, listens during a panel session on the opening day of the World Economic Forum in Davos, Switzerland, on Tuesday, Jan. 22, 2019.

Around £35 billion of the government's reported £40 billion funding hole will be filled with increased levies, such as payroll taxes for businesses, capital gains tax and inheritance tax, Tickel suggested.Adidas shoes are displayed at a DSW store on January 31, 2024 in Novato, California. Overall sales rose 7% in euro terms to 6.4 billion euros , up from 5.9 billion euros in the same period of last year. Operating profit came in at 598 million euros versus 409 million euros in the third quarter 2023.Signage for Novartis AG at a building in the company's headquarters campus in Basel, Switzerland, on Monday, Jan. 8, 2023.

Shares of e-commerce giants in China look attractive as Beijing attempts to stimulate domestic consumption, according to investor Jason Hsu.

 

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