The European share price continues to rise as earnings continue to roll in and tariff watch continues

Investors pushed European shares higher on Tuesday, as they assessed corporate earnings, watched potential tariff movements, and awaited important economic data.

As of 0712 GMT the pan-European STOXX 600 was up by 0.2%. However, it is on course for a second monthly decline if the current trend continues. The other regional indexes, with the exception of the UK which was down by 0.1%, were trading in positive territory.

The UK's FTSE Index fell as BP shares dropped 3.3% after the oil company reported first-quarter profits that missed expectations.

Officials said that the administration of U.S. president Donald Trump will reduce the impact on his auto tariffs. This includes reducing some duties on parts imported into domestically produced cars, and preventing tariffs on cars manufactured abroad from piling up on top of each other.

In recent weeks, the markets have stabilised a bit on the back of optimism about potential deals between America and its trading partners. This includes China. The market is sensitive to any changes due to the lack of clarity in Sino-U.S. talks.

HSBC shares rose 2.3% following the launch of a $3 billion buyback by the London-based lender.

Deutsche Bank, Germany’s largest lender, gained nearly 3% following a 39% increase in its first-quarter profits.

Porsche, on the other hand fell 7.4% as the German luxury sports vehicle maker cut a number of forecasts to 2025.

Investors will also be analyzing key economic data including the Euro Zone Consumer Confidence Report due later that day.

(source: Reuters)