European Shares Edge Up
The STOXX 50 and STOXX 600 both edged up 0.2% on Tuesday, extending gains from the previous session when they rose around 1%. However, optimism surrounding the delay of former President Trump’s proposed 50% tariff on EU imports began to wane, and investors looked ahead for new market catalysts.
On the economic front, Germany’s GfK consumer confidence improved, though less than expected, while inflation in France unexpectedly eased to 0.7%.
Defense stocks outperformed after Trump announced he was considering new sanctions against Moscow. Rolls-Royce (2.9%), Rheinmetall (1.8%), BAE Systems (1.7%), and Safran (0.5%) were all higher. ASML Holding (1%), Shell (1.2%), and Airbus (1.2%) also booked gains.
Source: Trading Economics