European stocks edged higher on Tuesday, with both the STOXX 50 and the STOXX 600 adding 0.1%, as investors focused on corporate earnings while awaiting key catalysts, including the Fed's monetary policy decision due tomorrow.
Market participants also kept a close watch on trade tensions, particularly negotiations involving the US and several Asian countries. On the earnings front, Continental shares soared about 4% after the company's sales hit a 4-year high.
Also, Vestas gained about 6% after the Danish company swung to profit in Q1 and Hugo Boss jumped almost 7% after a revenue beat.
On the other hand, Philips declined 1.8% after lowering its profitability outlook and Covestro was down 0.2% after cutting its FY earnings guidance.
In addition, Deliveroo was up 2% after US-based DoorDash agreed to buy the British company by nearly £2.9 billion. BP Gained about 2.8% amid reports that Shell is running the rule over its rival. Shell shares are down 1%.
Source: Trading Economics
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