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European stocks closed firmly higher on Tuesday, trimming losses from last week with support from a respite in sovereign bonds despite the prolonged impasse between the US and Iran. The Euro STOXX 50 added 1.2% to 6,100 and the STOXX Europe 600 gained 0.7% to 625. The tech sector led the gains amid news that SK Hynix will double its wafer capacity and bullish signals from the largest companies. ASML surged 5% and Infineon gained 9.5%. Also, STMicroelectronics surged 15% after raising its earnings target and Prosus surged 9.4% after Tencent announced it was testing a new AI agent. Banks also closed sharply higher to track the rebound in sovereign bonds, with UniCredit, BNP Paribas, and Deutsche Bank adding more than 1.6%. Meanwhile, Eurozone's preliminary inflation data showed the headline rate rose to 3.2% as expected, while the core inflation rose slightly more than expected to 2.5%, consolidating bets of a rate hike by the ECB next week.

European Stocks Rebound

The DAX Index went up by 121 points or 0.48 percent on Tuesday to close at 25124 points. The rise was led by Infineon (9.98%), Scout24 (5.24%) and Continental (3.03%). On the downside, the weakerst performers were SAP (-3.65%), Bayer (-2.93%) and Deutsche Boerse (-2.38%).

The DAX Index Closes 0.48% Higher

The CAC 40 Index rose 63 points or 0.77 percent on Tuesday to close at 8209 points. Leading the gains are STMicroelectronics (15.93%), Danone (4.37%) and Schneider Electric (4.13%). Top losers were Capgemini (-7.61%), Dassault Systemes (-4.10%) and Carrefour (-2.75%).

The CAC 40 Index Closes 0.77% Higher

The FTSE 100 Index gained 39 points or 0.37 percent on Tuesday to close at 10378 points. Gains were led by Antofagasta (6.47%), Easyjet Plc (5.43%) and Glencore (4.40%). Biggest losers were Airtel Africa (-5.21%), The Sage Group (-4.37%) and Endeavour (-4.30%).

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