European Stocks Edge Higher
European stocks edged slightly higher on Tuesday, with both the STOXX 50 and the STOXX 600 gaining nearly 0.2%, after a subdued session on Monday, as traders avoided making large moves ahead of the Fed’s monetary policy decision due tomorrow.
Markets were also reacting to comments from US President Trump, who said that the US would allow Nvidia to ship its H200 AI chips to “approved customers” in China. Defense stocks were higher, including Hensoldt (+4.4%), Rheinmetall (+3.4%), BAE Systems (+2.4%), Leonardo (+2%), and Thales (+1.7%), after Bloomberg reported that German lawmakers are poised to approve 29 military procurement contracts worth a record €52 billion next week. Renewable energy stocks were also firmer.
Orsted gained 2.8% after reports that a US federal judge deemed President Trump’s proposed wind ban illegal. In contrast, Thyssenkrupp fell more than 13%, placing it at the bottom of the STOXX 600, after the company forecast a loss of up to €800 million for 2026.
Source: Tradingeconomics.com