European futures higher as earnings roll in
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EUROPEAN FUTURES HIGHER AS EARNINGS ROLL IN
European stocks are heading for a strong start to Tuesday, tracking Asian shares amid revived hopes of U.S. interest rate cuts and a batch of positive earnings.
EuroSTOXX50 .STXEc1 futures are adding 0.3, and DAX futures .FDXc1 are ticking 0.2% higher while FTSE futures .FDXc1 are the best off, rising 1%.
Banks are in the spotlight, with UBS UBSG.S logging its first quarterly profit since taking over fallen rival Credit Suisse and UniCredit CRDI.MI posting a much higher net income than expected.
Elsewhere, the board of Spain's Sabadell's SABE.MC has rejected a merger proposal by larger rival BBVA BBVA.MC.
Uniper's UN0k.DE, the German utility that was bailed out in 2022, said its core profit fell around 11% in the first quarter.
FTSE-listed oil major BP .BP.L has announced a $1.75 billion share buyback, though its Q1 trading update showed profit missing forecasts.
German retailer Zalando ZALG.DE, German health technology company Siemens Healthineers SHLG.DE and Swiss staffing company Adecco ADEN.S have also published results.
(Lucy Raitano)
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