2/7, 8:00 AM (Source: TeleTrader)
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Europe higher premarket with earnings, data in focus

European markets headed for gains ahead of the opening bell on Tuesday as investors looked ahead to the data releases on industrial production in Germany and house prices in Britain. The positive sentiment appeared to be driven by the report on Eurozone's investor confidence, that pointed to a moderate recovery for the fourth consecutive month.

The French international banking group, Paribas, posted a €50.42 billion full-year revenue, while market participants anticipated the fourth quarter financial report by the British energy company, BP.

Frankfurt's DAX rose 0.26%. The Euro Stoxx 50 gained 0.30%, while London's FTSE 100 climbed 0.08%. The CAC 40 edged up 0.36%.

The euro was up 0.09% against the dollar, to sell at $1.07398 at 7:59 am CET. The pound sterling traded 0.11% higher versus the greenback, changing hands to $1.20374 a minute later.

Baha Breaking News (BBN) / AB