Earnings lift stocks but Greek anxiety hits euro

Global stock markets rose on Tuesday, helped by upbeat European earnings and U.S. earnings that were not as bad as feared, but the euro fell on worries about possible Greek loan defaults. In Europe, Publicis (PUBP.PA), Sky (SKYB.L) and ARM Holdings (ARM.L) all rose more than 4 percent after reporting results, with the overall picture of a weaker euro and improving economic conditions driven by the European Central Bank's (ECB) bond-buying program drawing investment into equities. In the United States, Dow components Verizon (VZ.N), DuPont (DD.N) and United Technologies (UTX.N) beat expectations even as the strong dollar weighed on DuPont and UTX. The euro was down 0.45 percent at $1.0688 (EUR=) as Greece remained on investors' radar amid media reports that the ECB was considering upping the haircuts it applies to Greek assets used as collateral for its cheap funding.

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