European stock markets opened in positive territory on Tuesday, with investors expected to receive the latest update on the German economic sentiment that will be published later in the morning. In addition, traders will be awaiting interest rate decisions from the United States Federal Reserve on Wednesday and the Bank of England on Thursday.
At 9:00 am CET, the French CAC 40 increased 0.20% as Vivendi SA jumped 1.63% a minute later. The Euro Stoxx 50 gained 0.36% with BNP Paribas advancing 1.19%. The British FTSE 100 traded 0.74% higher with Kingfisher PLC jumping 5.65%. The German DAX advanced 0.40% as Commerzbank went 1.51% up.
The euro traded 0.09% lower against the dollar at 8:59 am CET to sell for $1.11225. Simultaneously, the pound sterling dropped 0.08% against the United States currency to change hands for $1.32052.