European stocks posted another mixed performance on Tuesday after Washington extended its suspension of higher tariffs on Chinese goods until November 10, temporarily easing trade tensions between the world’s two largest economies.
By midday, Germany’s DAX was down 0.4%, the U.K.’s FTSE 100 was hovering just above flat, and France’s CAC 40 was up 0.3%.
The British pound strengthened against both the euro and the dollar following U.K. labor market data, which showed payrolls falling for a sixth straight month and vacancies declining further, while wage growth remained strong. Separate figures revealed U.K. retail sales rose 2.5% year-over-year in July.
In corporate news, Cancom SE (TG:COK) slipped 2.6% in Frankfurt after the German IT services provider swung to a second-quarter loss from a profit a year earlier.
In Paris, Valneva (EU:VLA) jumped 8.2% after the specialty vaccine maker reported a 37.8% revenue increase for the first half of the year.
Hannover Re (TG:A30VQR) fell 1.3% despite posting higher net income and reinsurance revenue in the first half.
Swiss generics and biosimilar group Sandoz (LSE:0SAN) gained over 1% after partnering with Elawan Energy to develop 150MW of solar projects in Spain.
Shares of Spirax Group (LSE:SPX) surged 13% after the U.K.-based industrial thermal energy and fluid technology company delivered better-than-expected first-half 2025 earnings.
Derwent London (LSE:DLN) dropped 4.2% after announcing the retirement of Executive Director Nigel George.
Recruitment firm Page Group (LSE:PAGE) lost 1.3% after reporting a 99% plunge in first-half pre-tax profit amid ongoing macroeconomic challenges and tariff-related uncertainty.
Entain (LSE:ENT), the owner of Ladbrokes, fell nearly 3% despite strong first-half results and raising its full-year guidance.
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