FX.co ★ European Stocks Post Modest Gains

On Tuesday, European stocks experienced modest gains. The STOXX 50 index rose by 0.3%, while the STOXX 600 saw an increase of 0.1%. This uptick followed the slight losses recorded in the previous session. Investors continued to focus on trade developments, particularly potential agreements that might alleviate tariff concerns. US President Trump announced a 30% tariff on EU imports effective from August 1st, prompting the European Union to pursue a trade agreement actively. The autos and tech sectors saw gains, whereas telecom stocks faced declines. Corporate earnings attracted significant attention as well. Ericsson's shares dropped by over 4%, even though the company exceeded earnings forecasts due to the adverse impact of US import tariffs. Additionally, Barratt Redrow's stock plunged more than 10% following the announcement of full-year profits that met expectations and the reaffirmation of its medium-term outlook. Conversely, Experian's shares rose by 3.5%, bolstered by robust quarterly revenue growth.