FX.co ★ European Shares Edge Up

The STOXX 50 and STOXX 600 indices both saw a modest increase of 0.2% on Tuesday, building on gains from the previous day when they each rose by approximately 1%. Despite initial optimism over the postponement of former President Trump's proposed 50% tariff on EU imports, investor sentiment started to diminish, with the focus shifting to potential new catalysts in the market. In economic news, Germany's GfK consumer confidence showed improvement, though the rise was below expectations, while inflation in France decreased more than anticipated to 0.7%. Defense-related stocks outperformed following President Trump's remarks about considering new sanctions on Moscow. Rolls-Royce experienced a 2.9% rise, while Rheinmetall increased by 1.8%, BAE Systems by 1.7%, and Safran by 0.5%. Other notable gains included ASML Holding with 1%, Shell with 1.2%, and Airbus with 1.2%.