European markets opened higher on Tuesday as hopes grew that the prolonged U.S. government shutdown could soon be over. The positive sentiment boosted investor confidence across the region, signaling a potential rebound in global trading activity after weeks of uncertainty.
According to early data from IG, the U.K.’s FTSE 100 was set to rise 0.6%, while Germany’s DAX and France’s CAC 40 were both expected to open 0.3% higher. Italy’s FTSE MIB was also seen climbing 0.37%, extending Monday’s modest gains across European markets. The upward momentum reflects growing optimism that political gridlock in Washington may finally be easing.
Late Monday, the U.S. Senate passed a crucial bill to fund the federal government through January, marking a significant step toward ending the longest shutdown in American history. The measure passed by a 60-40 vote, with support from most Republicans and a small number of Democrats. The bill now heads to the House of Representatives for approval before it can be signed into law by President Donald Trump.
On Wall Street, U.S. stock futures hovered near the flatline Monday night, while Asia-Pacific markets traded mixed earlier in the day. Gains in major tech stocks—particularly Nvidia, Microsoft, and Alphabet—helped lift sentiment, driven by renewed optimism surrounding artificial intelligence and its impact on corporate earnings.
Investors in Europe are also watching a series of major earnings releases on Tuesday, including reports from SoftBank, Nebius, Munich Re, CEZ Group, and Vodafone. The results are expected to offer further insight into how global companies are managing macroeconomic challenges amid shifting market conditions.
source: cnbc