FX.co ★ European Stocks Edge Higher Ahead Inflation

European stocks experienced a rebound on Tuesday, with the Stoxx 50 and Stoxx 600 indices each increasing approximately 0.2%, buoyed by a general market upswing. Investors remained concentrated on U.S. trade policy developments, holding onto a glimmer of hope after the White House indicated that a conversation between Presidents Trump and Xi may occur this week, despite escalating trade tensions. However, caution was prevalent as Trump's unpredictable tariff strategies continued to create market unease. Additionally, the U.S. administration requested an appeals court to delay a ruling that might impede the introduction of new tariffs and urged countries to submit trade proposals by Wednesday. In Europe, investor focus shifted towards the forthcoming eurozone inflation data and the European Central Bank's impending interest rate announcement later in the week. In corporate news, UBS saw its shares soar by 3.3% following an upgrade to "buy" by Jefferies, while Julius Baer experienced a 1.9% decline after declaring plans for new cost reductions totaling 130 million Swiss francs by 2028.