European Stocks Rebound
European stocks traded higher on Tuesday afternoon, with the STOXX 50 rising 0.5% and the STOXX 600 gaining 0.2%, recovering from losses at the open and extending gains from the previous session. Investors assessed fresh corporate earnings while awaiting key central bank policy decisions this week, including those from the Federal Reserve and the European Central Bank. Schneider Electric advanced 2.1%, while ASML Holding gained 1.2%, SAP rose 1.1% and Siemens added 0.8%. Novartis also climbed 1.2% after beating earnings expectations and raising its full-year guidance. On the downside, HSBC plunged more than 6% after reporting disappointing revenue, while Reckitt fell 4.4% after cutting its sales outlook.
European stocks traded higher on Tuesday afternoon, with the STOXX 50 rising 0.5% and the STOXX 600 gaining 0.2%, recovering from losses at the open and extending gains from the previous session. Investors assessed fresh corporate earnings while awaiting key central bank policy decisions this week, including those from the Federal Reserve and the European Central Bank. Schneider Electric advanced 2.1%, while ASML Holding gained 1.2%, SAP rose 1.1% and Siemens added 0.8%. Novartis also climbed 1.2% after beating earnings expectations and raising its full-year guidance.
On the downside, HSBC plunged more than 6% after reporting disappointing revenue, while Reckitt fell 4.4% after cutting its sales outlook.