Results from Swatch Group, the world’s largest watchmaker, and Norwegian aluminium producer Norsk Hydro also disappointed, although the former said it expected a positive second half of the year.Īdding to the soft tone, advertising agency Publicis warned that it would be “very difficult” to meet its annual target of 4 percent organic sales growth after a second-quarter slowdown. Investors were also set to digest a raft of corporate results, with Credit Suisse Group in the spotlight after it reported a wider-than-expected quarterly loss. indexes closed well off their daily lows on Monday, signalling investors had not lost their appetite for risk assets and sparking a rebound in global shares overnight. Fighting in Donetsk continues and the Gaza conflict is also ongoing.”Įuropean Union foreign ministers were scheduled on Tuesday to discuss further penalties against Russia, but the most they are expected to do is to speed up the implementation of sanctions against individuals, and possibly companies, agreed in principle last week before the plane was brought down. “There will probably be some relief early doors but with some risk-off remaining,” Mike Reuter, a broker at Tradition, said.

The prospect of heightened tensions between Russia and the West following the plane incident, combined with a civilian bloodshed in an Israeli offensive in the Gaza Strip, have weighed on equities in the past week and traders expected the market to remain jittery. The remains of some of the nearly 300 victims of the Malaysia Airlines plane downed over Ukraine were making their way to the Netherlands on Tuesday as a senior Ukrainian separatist leader handed over the plane’s black boxes to Malaysian experts. Some weak results from blue chips such as Credit Suisse Group, however, were likely to keep gains in check.Īt 0622 GMT, futures for the Euro STOXX 50, Britain’s FTSE 100, Germany’s DAX and France’s CAC were between 0.3 percent and 0.4 percent higher. LONDON, July 22 (Reuters) - European stocks were seen rebounding on Tuesday as traders took heart from signs of collaboration between pro-Russian rebels in Ukraine and international investigators into the downing of an airliner last week.

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