The STOXX 50 traded near the flatline, while the STOXX 600 edged up 0.3% on Tuesday, recovering slightly from minor losses in the previous session.
European shares almost flat on Tuesday
Traders remained cautious, awaiting fresh market catalysts and keeping an eye on Donald Trump's political appointments and corporate earnings reports. The economic calendar was relatively light, but final inflation readings for the Eurozone will in focus. On the corporate front, Thyssenkrupp shares surged nearly 6% after posting slightly better-than-expected earnings. Imperial Brands gained 2.4%, driven by a 4.6% increase in adjusted operating profit. Conversely, Caixabank fell 2.2% following the announcement of its 2025-2027 strategic plan. Luxury giant LVMH (-1%) and Siemens (-1.8%) also traded in negative territory.
Italy's MIB decreases
The FTSE MIB dropped by 0.8% in early trading on Tuesday, sliding for the second consecutive session as investors remained cautious ahead of upcoming economic data releases and corporate earnings reports. Traders are also closely watching President-elect Donald Trump’s cabinet selections, with key positions for financial markets yet to be announced. Financial stocks continue to face pressure, with notable losses seen from Intesa Sanpaolo (-1.4%), Unicredit (-2.5%), Banco BPM (-2.4%), Bper Banca (-2%), and Banca Monte dei Paschi di Siena (-2.2%).
