European Stocks Open Higher On Tuesday

European-Stocks-Open-Higher-On-Tuesday

Tuesday morning saw a surge in European stock markets with expectation simmering from the Thursday’s meeting by European Central Bank on policy decisions. Mewahile, investors would be hooked on the return of Wall Street from holidays and the US tech sector.

In Germany, the DAX Futures contract traded 0.2 per cent higher at 0605 GMT. In the UK, the FTSE Futures contract spiked by 0.4 per cent, whereas, in France, the CAC 40 rose to 0.3 per cent.

As per analysts, the Eurozone economy is slated to improve and witness a rebound in the 3rd quarter after an unprecedented drop. Earlier on Tuesday, the official statistics agency of France confirmed a forecast of nine per cent drop in the GDP.

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