Europe open: Shares in cautious mood ahead of EZ data

30th Apr 2024 08:23

(Sharecast News) - European markets opened lower on Tuesday ahead of eurozone data and amid another dump of corporate earnings and update news.

The benchmark Stoxx 600 index was down 0.13% to 507.68 in early deals with most regional bourses in the red. Britain's FTSE again bucked the trend, rising 0.4% to 8179.43

Investors will be eyeing preliminary eurozone April inflation data and first-quarter gross domestic product figures.

In equity news, UK investment platform Hargreaves Lansdown surged after reporting good momentum in April as clients invested at the start of the tax year to claim more benefits.

Swiss dental implants maker Straumann slumped despite reporting 15.1% organic sales growth for the first quarter, driven by high demand for its premium implants across its markets.

German luxury carmaker Mercedes-Benz posted a 30% annual fall in first-quarter earnings before interest and tax to €3.86bn below forecasts of €3.87bn for the period.

Danish brewer Carlsberg posted higher sales in the first quarter, slightly outperforming expectations.

Reporting by Frank Prenesti for Sharecast.com