European shares mixed on Tuesday

European shares showed mixed performance on Tuesday in a quiet, holiday-shortened trading week, while the US dollar hovered near a two-year high, supported by elevated US Treasury yields and expectations of fewer Federal Reserve rate cuts in 2025.

The pan-European STOXX 600 slipped 0.22 per cent, with Germany’s DAX down 0.18 per cent and France’s CAC 40 edging up 0.14 per cent. In the UK, the FTSE 100 rose 0.42 per cent, while Spain’s IBEX 35 gained 0.29 per cent.

The euro dipped 0.1 per cent to $1.0391, and the yen lingered near a five-month low of 157.08 per dollar, reflecting continued strength in the US currency.

Attribution: Investing.com, Amwal Al Ghad English

Subediting: M. S. Salama