The FTSE 100 and European stocks gained on Tuesday morning in London, after a bank holiday break for London markets. The moves higher came despite BP (BP.L), one of the FTSE's heavy hitters, posting a mixed first-quarter report. The FTSE 100 (^FTSE) was 1.1% higher in early trade heading past 8,300 to hit record highs. Germany's DAX (^GDAXI) rose 0.4% and the CAC (^FCHI) rose 0.6% in Paris. The pan-European STOXX 600 (^STOXX) gained 0.6%. BP's share price ticked higher as it said it would maintain the pace of share buybacks — these are set to equal $3.5bn (£2.79bn) in the first half. The first-quarter report also showed that Q1 cash flow fell by more than expected and net-debt increased. Tuesday will also bring Q1 earnings from oil major Saudi Aramco (2222.SR), Q2 earnings from Walt Disney (DIS) and chipmaker Intel's (INTC) AGM. Markets are in a positive mood as rate cut bets ramped up across the pond. Read more: BP profits slump to $2.7bn amid falling oil prices Follow along for live updates: The FTSe 100 hit fresh records this morning, above 8,300 points. Here's what Neil Wilson, chief market analyst at Finalto had to say: "There is a...