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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Europe open: Shares in strong start as UBS shines on return to profit

(Sharecast News) - European markets made a bright start to Tuesday amid more earnings reports with UBS shares up on strong first-quarter results. The pan-regional Stoxx 600 index opened 0.6% higher at 511.32.

In economic news, Germany reported an unexpected 0.9% rise in exports in March compared with the previous month, according to official data.

The figure beat expectations of a 0.4% increase and was also 1.2% higher year on year. Imports rose 0.3% to €111.9bn and were down 3.0% on the same month a year earlier.

In March, Europe's largest economy saw increases in exports to EU member states and third countries, by 0.5% and 1.3% respectively.

In a separate release, the Federal Statistics Office reported an unexpected decline in industrial orders in March, which fell by 0.4% on the previous month.

In equity news, Swiss banking giant UBS beat expectations as it returned to a quarterly net profit after two successive losses.

German software developer TeamViewer posted first-quarter revenue slightly below market expectations, sending its shares down nearly 4% in early trade.

BP reported a fall in first-quarter profit on the back of lower oil and gas prices, an outage at a US refinery and "significantly weaker" fuels margins as it also started a $1.75bn share buyback.

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Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

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