Europe seen higher after UBS earnings

Tuesday, 24. July 2018 08:25

Stock markets in Europe were seen opening with gains on Tuesday as new earnings keep coming in. UBS Group AG published its quarterly financial results before the opening bell, reporting a 6.5% rise in earnings per share year on year. Yesterday after the market close, Alphabet announced a revenue growth of 26% in the second quarter, brushing off the recent European Union fine of $5 billion for Google's alleged competition abuses. On the data front, manufacturing and services index figures are expected shortly after the market open.

The FTSE 100 was expected to gain 0.09% at the start of the trading session. The Dax is due to increase 0.55%, while the CAC 40 was seen 0.47% in the green.

The euro lost 0.17% against the dollar to sell for 1.1673 at 8:24 am CET.

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