FX.co ★ European Shares Lack Direction

On Tuesday, the STOXX 50 and STOXX 600 indices remained relatively stable, pausing after their Monday surge where both benchmarks climbed over 1%. This rise followed the announcement of a substantial 90-day tariff reduction agreement between the US and China. However, investor enthusiasm seemed to temper due to persistent trade uncertainties and the anticipation of further negotiations. In sector performance, healthcare, utilities, and automotives led gains, while segments such as insurance, banking, and oil and gas experienced notable declines. Concurrently, the earnings season advanced, highlighted by Bayer's shares rising nearly 9%, as the company's earnings decline was not as severe as anticipated.