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LIVE MARKETS-Before the bell: keep climbing

By Reuters News

Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com

BEFORE THE BELL: KEEP CLIMBING

Futures suggest that European stocks are looking to rise for the second day in a row on Tuesday after the regional STOXX 600 .STOXX ended Monday almost 1.3% higher.

Market sentiment was again boosted by a fall in oil prices on Tuesday, with Brent crude futures trading near an over two-month low around $91 a barrel after US President Donald Trump downplayed the need for military action against Iran "at this point."

Euro STOXX 50 futures are up 0.9%, as are CAC futures , while FTSE futures are 0.7% higher. DAX futures are up 1.2%.

On the earnings calendar, German chipmaker Infineon IFXGn.DE forecast strong revenue growth and increased profitability, driven by demand from data centres, power infrastructure and software-defined vehicles. Elsewhere, the UK's Vodafone VOD.L reported revenue growth that beat analyst estimates in the first half and raised its outlook.

So it's looking like a decent start for Europe — although investors should have an eye on things across the Atlantic later in the day when US CPI data is due.

(Sophie Kiderlin)

EARLIER ON LIVE MARKETS:

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