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European stock markets closed higher on Tuesday, driven by a focus on corporate earnings and ongoing trade tensions. The FTSE 100 in London rose by 0.55%, while the FTSE MIB in Milan increased by 1.09%. Other indices like the PSI 20 in Lisbon and the DAX in Frankfurt also saw gains, though the CAC 40 in Paris and the Ibex 35 in Madrid experienced declines. The market's attention was drawn to significant corporate earnings, with Deutsche Bank and HSBC reporting results above expectations, leading to stock price increases. Conversely, BP and Volvo faced declines after reporting lower-than-expected profits and revising financial projections downward due to tariff impacts. Global markets are mixed as investors weigh the impact of tariffs on corporate earnings. In the U.S., anticipation builds for earnings reports from major tech companies Microsoft and Meta Platforms, expected after the market close. Analysts predict Microsoft will report revenue of $68.4 billion and earnings per share of $3.22, while Meta is expected to report $41.4 billion in revenue and $5.20 per share. The broader market context includes a cautious approach due to trade uncertainties, with President Trump considering ways to mitigate tariff effects on the automotive sector. However, no concrete signs of resumed negotiations with China have emerged, keeping investors on edge. Microsoft's earnings are scheduled for release at 4:05 PM ET, with an earnings call at 5:30 PM ET, while Meta's earnings will be released at 4:40 PM ET, followed by an earnings call at 5:00 PM ET.
Look forward to discussing a massive night for Big Tech and the markets with Microsoft and Meta earnings after the bell. Will break it all down on @CNBCOvertime at 4:15 pm with @MorganLBrennan @jonfortt @CNBC 📺🏆🍿
Amazon and Apple's earnings could shake up Big Tech tomorrow. From cloud to consumer spending, here's what traders need to know before the numbers drop. https://t.co/gp5c8ZamxK
Pre-Meta's Earning - Meta Earnings Have High Bar to Clear After Shares Outperform Investors will be looking for any guidance on the impact of the trade war on advertising spending and Meta’s business in China. China made up 11% of Meta’s total revenue in 2024, according to