Europe: Stocks open higher on Tuesday

[LONDON] Europe's main stock markets ratcheted higher at the opening bell on Tuesday, with British and US inflation figures the main data set to drive trading.

London's benchmark FTSE 100 index climbed 0.6 per cent from Monday's close to 6,988.32 points, while in Frankfurt the DAX 30 added 0.5 per cent to 10,560.14 and in Paris the CAC 40 rose 0.7 per cent to 4,479.68 points.

Analysts at Accendo Markets said the positive open in Europe follows gains in Asian trading thanks to a slide in the US dollar ahead of US inflation data.

The euro was up to US$1.1013 from US$1.1001 late on Monday.

Data released at 0830 GMT is expected to show that inflation accelerated in Britain in September as the pound has tumbled to 7.5-year lows against the euro and 31-year troughs versus the dollar since Britain voted June 23 in favour of leaving the European Union.

AFP