Major European stock markets opened mixed on Tuesday as investors digested various economic reports, including those on French inflation, which slipped to 0.7% in May, German consumer confidence, which is set to increase slightly in June, and the Swiss trade surplus, which came in at 6.3 billion Swiss francs in April. Investors also anticipated the Eurozone's report on consumer confidence and speeches by the European Central Bank (ECB) officials.
Germany's DAX rose by 0.18% at the opening bell, with Siemens advancing by 2.99% at 9:00 am CET, while the British FTSE 100 climbed by 0.75%, as Melrose Industries added 2.88% at 9:01 am CET. At the same time, the French CAC 40 decreased by 0.15%, with LVMH dipped by 1.55% at 9:02 am CET, and the Euro Stoxx 50 was flat.
The euro lost 0.18% against the dollar at 8:58 am CET and sold for $1.13656. Meanwhile, the British pound was flat compared to the dollar at 8:59 am CET, selling for $0.83888.
