European equities advanced modestly on Tuesday, with investors closely watching diplomatic developments around the war in Ukraine as well as upcoming U.S. economic indicators.
Following meetings between U.S. officials and a Ukrainian delegation in Florida, President Volodymyr Zelenskyy said the updated U.S. proposal to end the conflict with Russia “looks better.”
According to multiple reports, U.S. President Donald Trump’s envoy Steve Witkoff has now travelled to Moscow to present a revised 19-point peace framework directly to Russian President Vladimir Putin.
Across the major indices, Germany’s DAX gained 0.4%, while the FTSE 100 in the U.K. and France’s CAC 40 each climbed 0.2%.
On the data front, preliminary figures from Eurostat showed an unexpected pickup in Eurozone inflation during November. Inflation rose to 2.2%, surprising economists who had expected no change from October’s 2.1%.
In the U.K., Nationwide Building Society reported stronger-than-expected momentum in the housing market. Annual house price growth reached 1.8% in November—slower than October’s 2.4% increase yet still ahead of the 1.4% consensus estimate.
Among individual movers, Bayer (TG:BAYN) jumped after the Trump administration backed the company’s effort to persuade the U.S. Supreme Court to limit lawsuits claiming its Roundup weedkiller causes cancer.
Victrex (LSE:VCT) also surged after reporting a 12% increase in sales volumes for 2025, reinforcing its leadership in the high-performance polymer market.
Swiss building materials group Holcim (BIT:1HOLM) traded higher as well, announcing acquisitions of three companies in the U.K., France, and Germany specializing in recycled demolition materials.
Meanwhile, industrial technology firm ABB (BIT:1ABB) saw gains after completing its purchase of Gamesa Electric’s power electronics business from Siemens Gamesa in Spain.
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