European markets edge higher as global sentiment lifts, inflation fears fade; Deutsche Wohnen up 15% after Vonovia deal

European stocks made modest gains Tuesday morning as easing inflation fears lifted global market sentiment.

.FTSE FTSE 100 FTSE 7047.58 -4.01 -0.06 41842251
.GDAXI DAX DAX 15552.52 115.01 0.75 12306713
.FCHI CAC 40 Index CAC 6413.24 4.75 0.07 2995758
The pan-European Stoxx 600 climbed 0.3% in early trade, with tech stocks adding 1.1% to lead gains as almost all sectors and major bourses entered positive territory.

European investors will be looking out for the latest Ifo business climate survey from Germany on Tuesday, along with a more detailed picture of first-quarter German gross domestic product (GDP) figures.

Meanwhile, the political fallout continues from Belarus’ “hijacking” of a Ryanair plane. The government forced it to land in Minsk where it promptly arrested a prominent opposition activist. European officials agreed to put more sanctions on Belarus at a meeting on Monday.

Leave a Reply