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Global indices open higher, awaiting company earnings results.

Global markets were trading higher amid a new earnings season in the United States and an apparent easing of tensions in the Middle East.

With hundreds of companies’ reports on the agenda this week and an apparent easing of geopolitical tensions in the Middle East, markets are extending gains this Tuesday, following Wall Street’s first positive close in six days in the previous session.

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The major U.S. indices opened in positive territory: the Nasdaq Composite was up 0.69%, the S&P 500 rose 0.54%, and the Dow Jones grew 0.22%.

SPX

This comes after PepsiCo (down 2.41%), UPS (up 2.14%), General Motors (up 3.66%), and General Electric (up 3.04%) stood out with their reports before the opening. The rest of the day will be dominated by Tesla and Visa, which will release their numbers after the closing bell.

Meanwhile, the main index of the Santiago Stock Exchange in Chile, the S&P IPSA, opened its Tuesday session higher, reclaiming the 6,400 points mark.

The local selective index was up 0.55% at 6,409.19 points in the early minutes of the session. The main gains were seen in Latam (up 1.45%) and Banco de Chile (up 1.26%), the second-highest weighted stock in the index.

Around the world, positive results were also observed. The Euro Stoxx 50 was up 1%, the German DAX rose 1.17%, and the Japanese Nikkei closed with a 0.3% increase.

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ABOUT THE AUTHOR See More
Ignacio Teson
Ignacio Teson
Economist and Financial Analyst
Ignacio Teson is an Economist and Financial Analyst. He has more than 7 years of experience in emerging markets. He worked as an analyst and market operator at brokerage firms in Argentina and Spain.
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