European stocks continued their gains for a second consecutive session on Tuesday (June 5), with the STOXX 50 and STOXX 600 rising 0.4%. Investors continued to shift their focus to corporate earnings while closely monitoring global trade developments.
Meanwhile, market participants are increasingly anticipating a potential interest rate cut by the Fed. In the corporate sector, BP shares rose 1.1% after the oil major reported better-than-expected second-quarter earnings. Diageo jumped 6% after reaffirming its full-year forecast, while DHL jumped 5% following a solid profit increase.
Infineon Technologies rose 3.6% on strong quarterly results, and Hugo Boss rose 2% after reporting improved earnings and reaffirming its FY25 outlook. Conversely, Fresenius Medical Care plunged nearly 7% as its operating income missed market expectations. (alg)
Source: Trading economics
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