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Important Notice: IG Markets South Africa will no longer provide Trading Accounts. This change does not affect existing International/offshore accounts. New applications will be supported by IG International, part of IG Group, via https://www.ig.com/en. Important Notice: IG Markets South Africa will no longer provide Trading Accounts. This change does not affect existing International/offshore accounts. New applications will be supported by IG International, part of IG Group, via https://www.ig.com/en.

FTSE 100 at record high

Europe indices opened higher on Tuesday, after the rebound of US equity markets on Monday, and a positive performance in APAC. In the UK, the FTSE 100 traded at record high.

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Europe indices

Europe indices opened higher on Tuesday after the rebound of US equity markets on Monday and a positive performance in APAC. In the UK, the FTSE 100 traded at a record high.

Jibun Bank manufacturing PMI

Currencies were broadly unchanged ahead of PMI data. In Japan, Jibun Bank manufacturing purchasing manager;s index (PMI) surprisingly increased to 49.9 in April from 48.2 the previous month.

UK manufacturing and services PMI

In the UK, both manufacturing and services PMI readings should stay in expansion territory, at 50.3 and 53, respectively.

Bank of Japan

Bankf of Japan (BoJ) Governor Kazuo Ueda has reiterated the Bank of Japan's intention to raise its benchmark interest rate if underlying inflation rises toward its 2% target.

Associated British Foods

In the UK, Associated British Foods announced a significant increase in its interim dividend to 20.7 pence per share. JD Sports agreed to buy US rival Hibbett for $1.10 billion.

Renault

Elsewhere in Europe, Renault revenue grew 1.8% in Q1 to €11.7 billion, beating its own estimates of €11.49 billion. Novartis raised its full-year sales and operating income guidance.

Tesla

Over in the US, Tesla General Motors and Visa are among the companies due to report today.

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