“European stock markets” open positive, investors eye Eurozone earnings and economic figures

“European stock markets” open positive, supported by earnings and GDP recovery forecast, investors still watching earnings and Eurozone economic figures, while Trump tariffs pressure auto business

On April 30, 2568, European stock markets opened higher in trading today as investors closely monitored corporate earnings and eurozone economic growth data.

The Stoxx 600 index rose 0.44% at 08.08:6 a.m. London time after closing higher for the sixth consecutive day on Tuesday, its best performance since January. Meanwhile, the UK's FTSE 100 closed higher for the 12th consecutive day, its longest winning streak since 2560.

Auto stocks rose nearly 1% despite weak earnings, boosted by an executive order from President Donald Trump that eased some auto import tariffs. It kept the 25% tariff on autos unchanged but reduced the overall burden by restructuring additional tariffs on steel and aluminum.

The US tax measures became a key issue in the first-quarter earnings reports of many companies, with several stating that the uncertainty made business forecasting difficult. However, banks still reported better-than-expected profits.

The trend continued on Wednesday, with Swiss bank UBS reporting a first-quarter net profit of $1.692 billion, beating analysts’ expectations, while auto giant Stellantis suspended its full-year outlook due to uncertainty over Trump’s tariffs.

Investors will be watching the eurozone's first-quarter GDP figures due at 10.00:0.2 a.m. London time. Economists polled by Reuters expect the eurozone economy to grow by 2567% in the first quarter, after stabilizing in late XNUMX.

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