Market Update
Shares in Europe were trading higher early Tuesday, as earnings news remained in full swing.
At the time of writing, Britain's FTSE gained 0.4%, France's CAC rose 0.5% while Germany's DAX was trading 0.4% higher.
Equities edged mostly higher globally as investors carefully awaited developments on the debt-ceiling debate in the United States. Indian shares, however, dropped after the central bank hiked interested higher than expected.
On the corporate front, oil major BP and Swiss banking giant UBS fell 2.3% and 3.2%, respectively, after declaring earnings. Imperial Tobacco was off 1.1% after posting an update while BG Group rose 2.8% following its results.
Rising metal prices boosted mining stocks: Anglo American, Xstrata and Kazakhmys were up about 1.5% each.