Stocks cling to gains before megacap earnings, jobs data, US election

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LONDON, Oct 29 - European shares held slight gains on Tuesday as investors girded for three days of megacap tech earnings reports on Wall Street, while the dollar hovered near a three-month high before key labour market data.

"Markets are in a positive mood, and seem to be immune to event risk," said Kathleen Brooks, research director at XTB.Germany's DAX , opens new tab, Britain's FTSE 100 , and France's CAC 40 , were up between 0.1% and 0.3%. Recent robust U.S. economic data, including evidence of a resilient job market, have prompted a scaling back of bets on further Federal Reserve easing this year, boosting the dollar.

 

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