21st July 2015
Stock markets in Europe were in buoyant mood on Tuesday after worries about Greece receded and a rise in US equities improved sentiment.
The DAX in Germany rose to its strongest in two months, led by automotive stocks, while the FTSE 100 was at a one-month high.
The Dow Jones and S&P 500 were near record highs before the release of Apple’s quarterly earnings figures later on Tuesday.
The Cupertino firm is the world’s largest by market capitalisation and its quarterly figures are the highlight of a packed week of corporate earnings.
Tech stocks are in focus after Google’s share price surge, with Microsoft and Amazon also updating markets this week.
Stocks are supported despite anticipation that the Federal Reserve will hike rates this year, which is fuelling a rise in the dollar.
The dollar index, which measures the greenback against a basket of currencies, is near the 12-year peak it hit in March.
Gold and other commodities continued to come under pressure, with oil future in New York sliding towards the important level of $50 a barrel.
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