European stock markets opened higher on Tuesday following a positive day on Wall Street. The STOXX 600 index gained 0.19 percent and the STOXX 50 index increased by 0.31 percent. French markets also saw some recovery from Monday’s decline after President Emmanuel Macron dissolved the government and called for new elections. The CAC 40 index opened up by 0.37 percent.
On Monday, the French banking sector experienced a decrease, but on Tuesday, bank shares showed mixed results. Credit Agricole was down 0.28 percent, BNP Paribas was up 0.02 percent, and Societe Generale was down 0.27 percent. Frankfurt’s DAX index also opened higher by 0.25 percent.
Investors are awaiting British employment data on Tuesday, as it may impact decisions made by the Bank of England at next week’s meeting. London’s FTSE 100 index opened up by 0.27 percent. The biggest news of the week for investors is expected from the United States, with the Federal Reserve meeting on Wednesday to discuss the timeline for lowering interest rates and inflation figures for May.
In the futures market, Wall Street is expected to open higher, with the S&P 500 up by 0.26 percent, the Dow Jones up by 0.18 percent, and the Nasdaq 100 up by 0.35 percent.