European equities traded mostly higher on Tuesday, supported by a series of encouraging corporate earnings reports and stronger-than-expected U.S. manufacturing data released overnight, helping investors look beyond ongoing geopolitical uncertainty.
Germany’s DAX gained 0.8%, while the UK’s FTSE 100 added 0.4%. France’s CAC 40 also moved higher, rising 0.3%.
UK Stocks Deliver Mixed Performance
Geotechnical engineering specialist Keller Group (LSE:KLR) slipped 1.3%, despite reporting a solid set of results for the six months ended 30 June 2026.
In contrast, building materials distributor Travis Perkins (LSE:TPK) surged almost 16% after publishing stronger-than-expected interim earnings.
Medical technology company Smith & Nephew (LSE:SN.) fell 6.7% after lowering its full-year revenue growth forecast, pointing to softer demand for hip and knee implants in the U.S. market.
Energy giant BP Plc (LSE:BP.) rose 1.4% after reporting that its second-quarter replacement cost (RC) profit more than doubled.
HSBC Holdings (LSE:HSBA) declined 1.3%, even after posting second-quarter earnings ahead of expectations, increasing its cost-saving targets and unveiling a fresh share buyback programme.
German Companies Show Diverging Results
Bayer (TG:BAYN) climbed 3.5% after the healthcare and agriculture group delivered an unexpected increase in second-quarter profit, supported by strong results from its crop science division.
Tyre manufacturer Continental (TG:CON) lost 1.8% after reporting a sharp decline in second-quarter net income following the spin-off of Aumovio.
Chemical producer Evonik Industries (TG:EVK) gained 1.7% after raising its adjusted EBITDA outlook for fiscal 2026.
Online fashion retailer Zalando (TG:ZAL) tumbled 16% after revising its 2026 revenue and growth expectations to the lower end of its previously issued guidance.
Lufthansa (TG:LHA) fell 10% after the airline warned that operating profit for the year is likely to be lower than previously expected, citing continued geopolitical uncertainty and a challenging macroeconomic environment.
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