investors monitored earnings and awaited the start of a two-day policy meeting of the Federal Reserve.European bourses opened slightly higher on Tuesday as investors monitored earnings and awaited the start of a two-day policy meeting of the Federal Reserve.
The pan-European Stoxx 600 edged up 0.14 percent with most sectors and major bourses in positive territory.
Symbol Name Price Change %Change VolumeFTSE FTSE 7403.93 26.20 0.36% 11284161DAX DAX 12232.12 23.17 0.19% 1704623CAC CAC 5142.33 14.63 0.29% 1538296IBEX 35 IBEX 35 Idx 10481.10 34.60 0.33% 3886355Volkswagen will hold a special supervisory board meeting on Wednesday in order to discuss allegations that German carmakers were involved in industry collusion, a source confirmed to CNBC via email. The autos sector closed under pressure in the previous session after reports the European Commission had opened an investigation into German carmakers accused of operating a wide-ranging cartel.
Meanwhile, oil prices extended gains on Tuesday after Saudi Arabia pledged to curb exports from next month and OPEC urged members to boost compliance with production cuts.
Elsewhere, in the U.S., the Dow and S&P 500 finished modestly lower on Monday, as the market kicked off a busy week of earnings, while the Nasdaq hit fresh record highs as technology stocks shook off the broader market’s weakness.
Market participants are expected to look to earnings and the Fed to gauge the health of the market, as well as the projected pace of interest rate hikes.