Markets in Europe edged higher Tuesday as investors focused on data and earnings while trying to digest U.S. President Donald Trump’s immigration policy. Major bourses were last seen trading in positive territory while Germany’s DAX was last seen trading flat at 11681.50 as of 12:45. It is also important to note that sentiment was boosted by the latest round of economic news from the euro zone, with gross domestic product and inflation increasing and unemployment falling. The euro zone rose at a higher rate than the U.S. for the first time since 2008. The bloc grew 1.7 percent in 2016.
Retail stocks jumped in mid-morning trade after positive earnings data was released. Indicatively, the Swedish firm H&M announced higher-than-expected pre-tax profit in its fourth quarter thanks to an increase in online sales. The company’s shares added more than 5 percent higher in mid-morning trade. The H & M Hennes & Mauritz AB stock was last seen trading at $250.20 having added 5.7percent as of 12:25 GMT!
U.S. stock index futures pointed to a lower open on Tuesday as traders continued to digest President Donald Trump’s controversial refugee policy and eyed a deluge of earnings. U.S. stocks recorded their worst day of trading of the year in the previous session after the Trump administration had signed an executive order on Friday to ban entry into the U.S., to citizens from Iraq, Syria, Sudan, Iran, Libya, Yemen and Somalia.