European shares closed higher on Tuesday, buoyed by better-than-expected corporate earnings and renewed optimism that the Federal Reserve may cut interest rates next month.
The pan-European STOXX 600 index edged up 0.15%, with most regional bourses also trading in the green.
Earnings season, in full swing, offered some relief for investors concerned about the impact of trade uncertainty on corporate performance.
Diageo gained 4.9% after the world's biggest spirits maker forecast flat 2026 sales despite U.S. tariffs and upped its cost-savings target.
The stock boosted the food & beverage index by 1.2%, making it the day's top performing sector.
German chipmaker Infineon gained 4.6% after it slightly raised its full-year profit outlook and noted the start of a global semiconductor market recovery despite lingering tariff concerns.
BP said it will review how best to develop and monetise oil and gas production assets and consider more cost cuts to boost shareholder returns after beating second-quarter profit expectations, which sent its shares up 2.8%.
Source : Reuters
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