FX.co ★ European Stocks Extend Rebound

European stock markets concluded Tuesday with modest gains, continuing the recovery initiated in the previous session as investors evaluated a series of earnings reports alongside key economic indicators. The Eurozone's STOXX 50 climbed by 0.2%, reaching 5,253, while the pan-European STOXX 600 edged up by 0.1% to settle at 541. AB InBev's shares rose over 2%, mirroring a similar uptick in Diageo's stocks in London, buoyed by promising earnings announcements from both alcoholic beverage companies. Meanwhile, Ferrari saw an increase of 2.5%, providing a brief pause from its recent downward trajectory. Siemens, Airbus, and BASF each saw gains exceeding 1%, continuing their recovery from the previous day's losses. Infineon, the German semiconductor manufacturer, experienced a significant surge of nearly 5% following strong quarterly results, outperforming the broader sector. In contrast, ASML's shares dropped by nearly 1% after U.S. President Trump announced plans to introduce new tariffs on semiconductors within a week. Beyond the Eurozone, Swiss stocks outperformed peers, recovering from the previous day's declines, as the Swiss delegation prepared to negotiate reduced tariffs with the U.S. by the end of the week.