FX.co ★ European Stocks Edge Higher

European stocks experienced a slight uptick on Tuesday, as both the STOXX 50 and STOXX 600 indices increased by 0.1%. This was spurred by a tech-driven rally on Wall Street and renewed optimism in artificial intelligence stemming from the announcement of a partnership between Nvidia and OpenAI. Investors are also keenly anticipating new PMI data from some of Europe's major economies. However, France's results were underwhelming, with both the services and manufacturing sectors entering contraction. On the corporate side, companies such as LVMH, Siemens, Schneider Electric, and ABB saw gains of 0.5%, 1%, 1.9%, and 0.7% respectively. Meanwhile, Orsted's shares jumped over 7% following a U.S. court decision allowing the continuation of the Revolution Wind project near Rhode Island. Conversely, ASML Holding's stock dipped by 1.5%.