Tuesday saw a reversal of previous losses in European markets as investors in the region awaited euro zone inflation data and concentrated on corporate earnings reports.
Most sectors of the pan-European Stoxx 600 index were in positive territory as it hovered slightly above the flatline at 9:20 a.m. London time.
While financial services and retail equities enjoyed the largest gains, insurance and banking companies saw the worst losses. The FTSE 100 was down by 0.3%, sending major bourses into neutral territory.
By 9:29 a.m. London time, Volvo’s stock had increased 4.6% following the Swedish automaker’s announcement of a new global sales record for 2024.
Source (CNBC)
