European Stocks Post Modest Gains
European stocks edged higher on Tuesday, with the STOXX 50 up 0.3% and the STOXX 600 gaining 0.1%, as markets attempted to recover from modest losses in the previous session. Trade developments remained in focus, with investors closely monitoring potential deals that could ease tariff pressures.
US President Trump announced a 30% tariff on imports from the European Union starting August 1st, prompting the bloc to continue to seek a trade agreement. Gains were seen in the autos and tech sectors, while telecom stocks declined.
Corporate earnings were also in the spotlight. Shares of Ericsson fell over 4%, despite the company beating earnings forecasts, as US import tariffs weighed on results. Barratt Redrow tumbled more than 10% after reporting full-year profits in line with expectations and reaffirming its medium-term outlook. In contrast, Experian climbed 3.5% following solid quarterly revenue growth.
Source: Trading Economics
