European markets opened higher Tuesday, building on positive momentum in the previous session.
European markets opened higher Tuesday, with the FTSE 100 hitting an intraday record high as investors built on positive momentum in the previous session.index was up 0.5% in early deals, with the majority of sectors trading in positive territory. Tech stocks led gains, rising 1.8%, while mining stocks fell 0.7%.
Investors in the region are looking ahead to bank earnings this week, and will be keeping an eye on a range of tech earnings stateside, with Tesla reporting during U.S. trading hours Tuesday. It previously forecast adjusted operating income to increase by a"high single-digit" percentage and sales growth to rise by a"mid single-digit."A Renault Scenic electric vehicle at the Munich Motor Show in Munich, Germany, on Tuesday, Sept. 5, 2023.The company sold 549,099 units in the three-month period, with revenue totaling 11.7 billion euros . That's slightly above a company-provided consensus of a slight annual drop to 11.49 billion euros.
Stephen Ellis, energy and utilities strategist at Morningstar, said oil market volatility does present challenges and urged investors to be patient, which"regularly pays off within energy."
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