European stocks close slightly higher; Turbine-maker Vestas gains 9% on revenue jump
European stock markets finished in positive territory on Tuesday as uncertainty over the global trade outlook lingered despite a pause in the tariff spat between the U.S. and China.
The pan-European Stoxx 600 provisionally closed 0.07% higher, extending gains seen the previous day when markets rallied on news that Washington and Beijing agreed to slash steep tariffs for 90 days.
In corporate news, Bayer shares rose 3% after the pharmaceuticals firm beat on the top and bottom lines. Reinsurer Munich Re’s stock shed 4.3% after the company said claims arising from January’s Los Angeles wildfires are expected to total 1.1 billion euros ($1.2 billion).
Vestas shares gained 9.2% to top the Stoxx 600 on results showing a 29% year-on-year jump in first-quarter revenue.
Across the Atlantic, U.S. stocks were higher after data showed the annual U.S. inflation rate stood at a lower-than-expected 2.3% in April.
Source : CNBC
