FX.co ★ European Markets Poised for Muted Open as Earnings Roll In

European equity markets were poised for a cautious start on Tuesday as investors processed a series of corporate earnings reports. UK banking heavyweight HSBC exceeded profit expectations and announced a $3 billion share buyback. In Germany, Deutsche Bank reported a substantial 39% increase in first-quarter profits. Additionally, Novartis and Lufthansa revealed strong quarterly sales results, while Porsche highlighted potential risks due to rising tariffs. Economically, focus shifts to Germany’s consumer confidence data for May and Spain’s GDP figures for the first quarter. In premarket activity, futures for the Euro Stoxx 50 and Stoxx 600 remained largely unchanged, showing little movement to slightly positive trends.