European shares rise, tariff uncertainty lingers

European stock markets advanced on Tuesday as investors reacted to evolving US tariff plans, though weak earnings from LVMH weighed on luxury stocks.

The pan-European STOXX 600 rose 0.86 per cent by 9:36 AM GMT, led by Germany’s DAX, which gained 1.52 per cent. Spain’s IBEX 35 added 1.39 per cent, the UK’s FTSE 100 climbed 0.97 per cent, and France’s CAC 40 edged up 0.45 per cent.

Shares in LVMH fell sharply after the group reported weaker-than-expected first-quarter revenue, citing subdued US demand for beauty and beverages, alongside ongoing softness in China. The results dragged down the luxury sector, with Kering, Richemont, and Moncler losing between 1.4 and 2.6 per cent. L’Oréal and Puig also dropped 2.5 and 2.7 per cent, respectively.

Attribution: Investing.com, Amwal Al Ghad English, Reuters
Subediting: M. S. Salama