European markets have opened slightly higher today, as positive earnings reports of some major companies managed to more than offset the losses in US and Asian equity markets. Investors also mulled over upcoming earnings updates from several European companies, to gauge the direction of the market movement.

Closer home, investors await data which might show that the number of mortgage approvals in the UK increased to 47.2K in December from 45.0K in the previous month. Investors also eyed a speech by the Bank of England (BoE) Governor Mark Carney slated today to gauge the UK central bank’s policy stance.

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