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CURRENT REPORT BLOG European markets witnessed gains on Tuesday as investors absorbed a wealth of economic data from the Eurozone, coupled with corporate updates, notably BP’s recent earnings report.
At the time of reporting, France’s CAC 40 had advanced by 0.60% to reach 6,866.01 points, while Germany’s DAX displayed a 0.46% increase, reaching 14,783.82 points. In London, the FTSE 100 also recorded positive movement, albeit slightly behind its European counterparts, with a 0.42% rise to 7,358.28 points.
Victoria Scholar, Head of Investment at Interactive Investor, remarked on the day’s trading performance. She noted that the FTSE 100 was trailing due to BP’s earnings falling short of expectations, causing a significant drop in the company’s shares. Scholar also mentioned the expiration of the cap on bankers’ bonuses in the UK, which elicited a mixed response, and highlighted France’s economy showing a growth rate of 0.1% in the third quarter, signifying a slowdown from the 0.6% growth in the previous quarter.
