European Markets Mostly Higher in Premarket Trading

European stock indexes mostly traded higher on Tuesday morning, as political turmoil in France overshadowed market sentiment. The French government is facing a motion of no-confidence from both far-left and far-right parties after Prime Minister Michel Barnier triggered Article 49.3 of the French constitution to adopt the 2025 budget without a vote in parliament. The no-confidence vote is expected to take place on Wednesday.

The DAX gained 0.56% at 8:00 am CET, while the CAC 40 added 0.35%. The Euro Stoxx 50 advanced by 0.53%. However, the FTSE 100 dropped by 0.12%.

In currency markets, the euro lost 0.11% against the dollar, trading at $1.04884 at 7:58 am CET. Meanwhile, the pound remained flat against the greenback, trading at $1.26506.