European shares muted in earnings deluge ahead of inflation data

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European shares muted in earnings deluge ahead of inflation data

- European shares opened trade on a subdued note on Tuesday, as investors parsed a deluge of corporate earnings reports from industry heavyweights while keeping an eye out for economic data including the euro zone's inflation for April.Investors will monitor the bloc-wide flash April inflation and first-quarter GDP data during the day for clues on the European Central Bank's interest rate cuts beyond June.) shed 2.

Vonovia climbed 5% following the largest German real estate group's return to profit in first quarter. Shares of HSBC climbed 2.3% after the lender announced its quarterly results, a share buyback plan, and CEO Noel Quinn's surprise retirement.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.

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