Europe stocks open higher; Volvo Cars sheds 10%, Porsche falls 7% after earnings
European markets opened higher on Tuesday, as investors parsed a flurry of earnings for indications of the impact of U.S. tariffs and global economic uncertainty.
The pan-European Stoxx 600 index was up 0.21% at 8:15 a.m. in London, though the autos sector shed 0.4% led by losses at Volvo Cars
, which reported a steep first-quarter profit decline and suspended its full-year guidance due to market headwinds.
The Stoxx 600 closed higher in the last five sessions and has returned to a year-to-date gain despite sharp selling in March and early April. Corporate results could now cloud or brighten the picture in the weeks ahead
Oil giant BP posts 49% drop in first-quarter profit on weaker crude prices | view post
HSBC tops profit expectations, announces $3 billion share buyback | view post
Deutsche Bank reports 39% jump in first-quarter profit, above expectations | view post
Porsche cuts full-year outlook as tariffs weigh | view post
Novartis posts better-than-expected first-quarter sales, hikes guidance | view post
Volvo Cars scraps financial guidance as earnings fall | view post
Adidas profits soar but tariffs cloud outlook, says U.S. prices will increase | view post
Lufthansa posts slight revenue beat, warns U.S. tensions could hit demand | view post
Carlsberg sees ‘soft’ start to the year on weak consumer spending | view post
Rheinmetall shares jump after first-quarter earnings beat
Source: CNBC
