European equities showed a mixed performance on Tuesday, with France’s ongoing political turmoil and looming U.S. inflation data capturing investor attention.
Data released on French industrial production indicated a 1.1% drop in July compared with June, largely due to a slowdown in aircraft manufacturing, though markets largely shrugged off the figures.
In terms of indices, Germany’s DAX fell 0.4%, while the U.K.’s FTSE 100 advanced 0.3%, and France’s CAC 40 gained 0.4%.
ASML Holding (EU:ASML), the Dutch chipmaking equipment firm, edged higher following news of its €1.3 billion ($1.5 billion) investment in French AI startup Mistral.
Vodafone (LSE:VOD) also saw gains after the U.K. telecom announced a cash tender offer to buy back its $500 million in outstanding capital securities due 2081.
Shares of Anglo American (LSE:AAL) surged after the miner unveiled a $50 billion merger agreement with Canada’s Teck Resources.
Italy’s Monte dei Paschi di Siena (BIT:BMPS) climbed sharply after securing a controlling stake in Mediobanca SpA (BIT:MB).
On the downside, homeware retailer Dunelm (LSE:DNLM) fell, citing ongoing weakness in consumer demand and no clear signs of recovery. Mining giant BHP (LSE:BHP) also retreated after reaching a settlement agreement in the Australian Samarco shareholder class action.
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