Equities in Europe traded higher in the premarket on Tuesday as investors' attention shifted to tomorrow's report on inflation in the United States and the interest rate decisions of the Federal Reserve.
Markets seemingly recovered from yesterday's sharp losses after right-wing parties in Austria, France, Italy, Hungary, Belgium, and Spain gained ground in the European Parliament elections. French President Emmanuel Macron dissolved the National Assembly and called for a snap legislative election on June 30 and July 7.
The DAX rose by 0.06% at 8:02 am CET. At the same time, the FTSE 100 grew by 0.22%. The CAC 40 increased by 0.27%. The Eurostoxx 50 gained 0.36%.
The euro and the pound sterling traded flat against the dollar to sell for $1.07665 and $1.27270, respectively, at 8:03 am CET.
