European equities were largely subdued on Tuesday, as investors digested a mixed flow of corporate earnings and waited for key U.S. economic data later in the week that could influence expectations for Federal Reserve interest rates.
France’s CAC 40 edged up 0.1%, while Germany’s DAX slipped 0.1%. The U.K.’s FTSE 100 lagged its peers, down 0.4%.
Dutch healthcare group Philips (EU:PHIA) stood out on the upside after reporting strong fourth-quarter results and setting ambitious targets for 2026.
Shares of luxury group Kering (EU:KER), owner of Gucci, also jumped after the company reported an acceleration in sales momentum in the final quarter of 2025.
Pharmaceuticals group AstraZeneca (LSE:AZN) traded higher after forecasting continued revenue and earnings growth in 2026, supported by strong demand for its cancer treatments.
In contrast, BP Plc (LSE:BP.) shares came under pressure after the energy major suspended its share buyback programme and reported a wider replacement cost loss for the fourth quarter.
Travel stocks were weaker as well, with TUI (TG:TUI1), Europe’s largest tour operator, sliding despite posting solid quarterly results and reaffirming its full-year targets.
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