European stock exchanges were up ahead of the trading session on Tuesday, as investors globally interpreted the latest United States data as signs that the Federal Reserve may opt for lower interest rate increases and thus diminish the chances of tipping the world's biggest economy into a recession. European markets will monitor the euro area producer prices report, coming up after the open, to assess the state of the region's economy.
The DAX increased by 1.57%, London's FTSE 100 rose by 0.71% and the CAC 40 advanced by 1.40% at 7:49 am CET.
The euro was 0.13% higher against the dollar at 7:50 am CET, trading at 0.98384. The British pound was up 0.12% compared to the American currency, going for 1.13359 at the same time.