European stocks traded higher on Tuesday, with the STOXX 50 rising 0.5% and the STOXX 600 up 0.3%, rebounding from losses in the previous session as investor focus shifted to corporate earnings. Philips led the gains, jumping around 10% after raising its full-year guidance.
Shares of EssilorLuxottica also climbed over 5% after the company reported a rise in first-half operating profit despite facing tariff-related headwinds.
Meanwhile, AstraZeneca added 0.6% following its earnings release, and Barclays posted better-than-expected profits and announced a £1 billion share buyback. However, its shares edged 0.2% lower. L'Oréal shares hovered near the flatline ahead of the company's quarterly results, due later in the day.
Source: Trading Economics
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