European equity markets opened slightly firmer on Tuesday, with investors closely watching a wave of corporate earnings while also monitoring the latest developments in U.S.–China trade relations.
In the U.K., fresh data from the Office for National Statistics showed that the budget deficit widened in September as government spending increased. Public sector net borrowing rose to £20.2 billion from £18.6 billion a year earlier, marking the highest September figure since 2020.
Across the region, the CAC 40 gained 0.5%, the FTSE 100 added 0.3%, and the DAX in Germany rose 0.1%.
Among corporate movers, Edenred (EU:EDEN) jumped after the vouchers and benefits card provider posted third-quarter revenue that topped forecasts. SEGRO (LSE:SGRO) also advanced strongly after reporting solid quarterly results, supported by improved occupier sentiment and an uptick in pre-letting activity.
Banking heavyweight HSBC Holdings (LSE:HSBA) traded higher as it named former NatWest executive David Lindberg as CEO of its U.K. business.
On the downside, Getlink (EU:GET) slipped after delivering flat third-quarter revenue, while BHP (LSE:BHP) fell after the miner reported a 2% decline in fiscal Q1 iron ore production.
Eurofins Scientific (EU:ERF) also came under pressure after its BioPharma segment posted just 0.4% organic revenue growth in the third quarter. Meanwhile, Tele2 (BIT:1TEL) retreated after reporting weaker-than-expected quarterly sales.
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