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4/23, 9:17 AM (Source: TeleTrader)
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Europe trades mixed with earnings season in full swing

European stock markets traded mixed shortly after the opening bell on Tuesday as investors return from the Easter holidays and anticipate a fresh set of earnings reports released by major companies. Twitter, Procter and Gamble, Coca-Cola, Verizon and Snap will be among the companies to post their quarterly results later today, while Novartis, SAP, Credit Suisse and Eni will reveal their first quarter figures tomorrow.

In the United States, the Trump administration decided to end exemptions from Iran oil sanctions, in an effort to drive the Islamic Republic's crude exports to zero. Iran described the US sanctions, which pushed oil prices to new highs, as "illegal" and claimed that the exemptions to them are "worthless."

The FTSE 100 was 0.11% higher a few minutes after the opening bell, lifted by oil companies. The DAX lost 0.16% at the start of trading, with Wirecard the worst performer. At the same time, the CAC 40 traded 0.20% in the negative territory, weighed down by ArcelorMittal. The euro was 0.13% lower against the dollar to sell for 1.1242 at 9:16 am CET, while the pound remained flat versus the greenback to go for 1.2984 at the same time.

Breaking the News / FH