European equities mostly advanced on Tuesday as investors reacted to the potential for a peace agreement between Russia and Ukraine.
U.S. President Donald Trump characterized his recent discussions with Ukrainian President Volodymyr Zelenskyy and several European leaders as “very good,” noting that he has begun coordinating a meeting between Zelenskyy and Russian President Vladimir Putin, possibly within the next two weeks.
Zelenskyy emphasized his willingness to participate in “any format” of negotiations and said a decision on a trilateral meeting would depend on the outcome of the initial discussions.
Among European benchmarks, France’s CAC 40 rose 1.0 percent, while the U.K.’s FTSE 100 and Germany’s DAX both advanced by 0.3 percent.
On the corporate front, Swiss pharmaceutical company Basilea Pharmaceutica (TG:PK5) experienced a sharp decline despite providing updated guidance for 2025.
British healthcare property firm Assura (LSE:AGR) gained after Ed Smith resigned as board chairman following seven years in the role.
Meanwhile, International Workplace Group (LSE:IWG) saw shares fall after reporting a drop in revenue for the first half of the year.
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