European shares seen flat to higher
Tuesday, 21 July 2015
European shares headed for a flat to slightly higher open on Tuesday, with investors focusing on company results as the second-quarter earnings season gathered pace in Europe. German business software maker SAP's revenues topped expectations due to a surge in cloud software delivered via the Internet, while Europe's biggest biotech company, Actelion, lifted its core earnings forecast for the year. Futures for the Euro STOXX 50, Germany's DAX, Britain's FTSE and France's CAC traded between flat and 0.2 per cent higher by 0639 GMT. The FTSEurofirst 300 index of top European shares closed 0.3 per cent higher at 1,613.95 points in the previous session. But gold stocks were hit by a sharp drop in prices of the precious metal. Investors will keep a close eye on commodity shares as oil prices fell on Tuesday, according top Reuters.