European stocks posted modest gains Tuesday as upbeat sentiment around global trade negotiations and encouraging economic data from China supported investor confidence.
By mid-session, Germany’s DAX had risen 0.3%, France’s CAC 40 added 0.2%, and the UK’s FTSE 100 inched up by 0.1%.
Investors appeared reassured that U.S. President Donald Trump’s aggressive trade rhetoric is unlikely to derail broader international commerce. Meanwhile, better-than-expected economic growth figures out of China also bolstered risk appetite.
Technology shares outperformed following news that Nvidia (NASDAQ:NVDA) received the green light from the U.S. government to restart exports of its H20 AI chips to China, lifting sentiment across the sector.
Among notable movers, Trustpilot Group (LSE:TRST) shares surged after the company raised its full-year earnings forecast on the back of robust first-half bookings and revenue growth.
Hydrogen specialist Thyssenkrupp Nucera (TG:NCH2) also saw its stock climb after the company upgraded its annual EBIT guidance.
On the downside, B&M European Value Retail (LSE:BME) tumbled after reporting first-quarter sales that fell short of analyst expectations.
Telecoms firm Ericsson (NASDAQ:ERIC) came under pressure as U.S. tariffs weighed on its profit margins, leading to a decline in its share price.
Housebuilder Barratt Redrow (LSE:BTRW) also slumped after missing its full-year sales guidance for the period ending in June.
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