European shares open higher as travel stocks shine
Reuters · 14 Feb 1K Views

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, February 13, 2023. REUTERS.

Feb 14 (Reuters) - European shares opened higher on Tuesday, lifted by travel stocks after holiday group TUI's flagged a positive travel recovery trend for the upcoming summer season.

The continent-wide STOXX 600 index (.STOXX) rose 0.3% by 0812 GMT. European travel & leisure stocks (.SXTP) rose 0.6%.

TUI's German-listed shares (TUIGn.DE) rose 1.4%, while its shares listed in London added 1.5% after the company reported more bookings and higher first-quarter revenue.

Germany's DAX index (.GDAXI) lagged its European peers, dragged down by Thyssenkrupp's (TKAG.DE) 5.3% slide after as the German warship-to-car parts conglomerate said its quarterly operating profit dropped by a third.

The focus, however, remains on U.S. inflation data for January, due later in the day, which will provide more clarity on the outlook for the Federal Reserve's interest rate hikes.

In Europe, a flash reading of fourth quarter GDP is also on the radar.

(Source: Reuters), all rights reserved by original source.