European Markets Open Higher on German GDP Revision

European stock markets opened higher on Tuesday, with the DAX rising 0.4 percent to 26,222 points and the Euro-Stoxx-50 gaining 0.4 percent to 6,473 points, supported by an upward revision of German GDP for the second quarter. The GDP revision reinforced views that sentiment is worse than the actual economic situation, boosting hopes for a strong Ifo index later in the morning. Sector moves were all under 1 percent, with automakers down 0.7 percent as the worst performer, while financial and travel stocks were sought after. Investor caution persists ahead of Nvidia earnings, US inflation data, and a Fed speech later this week. Concerns over rising US Treasury yields above 4.70 percent and potential sanctions against Iran, including threats to China, kept markets on edge, while gold prices continued to climb.