The STOXX 50 climbed 0.8%, and the STOXX 600 advanced 0.5% on Tuesday, recovering from losses in the prior session.
European shares rebound on Tuesday
The rebound followed reports that the Trump administration may adopt a more gradual approach to implementing tariffs, potentially increasing them incrementally. Bond yields also eased, halting their recent rally and offering some relief to investors. The banking sector led the gains, with notable performances from Banco Santander (2.5%), BBVA (2.5%), BNP Paribas (2.3%), Intesa Sanpaolo (2.1%), Societe Generale (1.9%), and Deutsche Bank (1.7%). Other strong performers included LVMH (2%), ASML Holding (1.2%), and Novo Nordisk (0.4%).
Ocado flies while JD drops
Meanwhile, traders shifted focus to the start of the earnings season. Ocado shares soared by about 13% after reporting a 17.5% increase in quarterly revenue. Conversely, JD fell nearly 10% after issuing a profit warning, and BP declined 2.7% following an announcement that lower margins would impact its Q4 earnings.
