European stock markets open higher, driven by the tourism sector

Feb 14 (Reuters) – European stocks opened higher on Tuesday, boosted by values ​​in the tourism sector, after holiday group TUI reported a positive trend in the resumption of travel for the upcoming summer season.

The continental STOXX 600 index was up 0.3% at 0812 GMT. European travel and leisure stocks rose 0.6%.

Germany-listed TUI shares rose 1.4%, while London-listed shares rose 1.5% after the company recorded an increase in bookings and revenue in the first quarter.

Germany’s DAX index lagged its European peers, dragged down by Thyssenkrupp’s 5.3% decline, after the German shipbuilding and auto parts conglomerate reported quarterly operating profit fell by a third.

However, attention remains focused on January inflation data from the US, which will be released later in the day (13:30 GMT) and will inform the outlook for interest rate hikes by the Federal Reserve.

In Europe, the fourth quarter GDP will be announced (10:00 GMT).

(Reporting by Shreyashi Sanyal in Bengaluru; Editing by Savio D’Souza; Editing in Spanish by José Muñoz in Gdansk Newsroom)