Europe opens higher as earnings season remains in focus

European markets open higher on Tuesday, bouncing back from the weaker trade seen in the previous session.

The pan-European Stoxx 600 was up by 0.33 percent at 386.16 with almost every sector in the black.

After finishing Monday’s session in the red, Tuesday’s trade is expected to bring a slew of economic news to market-watchers in Europe. First off, earnings season continues to deliver on Tuesday, with Heathrow, LVMH, PSA Group, Randstad, and Norsk Hydro are all reporting their latest financial results.

Before the bell, UBS published results which saw the Swiss lender deliver a 9 percent increase in net profit during the second quarter, to 1.28 billion Swiss francs ($ 1.29 billion), up from a year ago. Investors will also be keeping a close eye on shares of AMS and Luxottica, which both reported after the close on Monday.

Source : CNBC

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