Precise Investors Editorial Team
The pan-European STOXX 600 index reversed earlier declines to end 0.2% higher, close to the record high hit on Friday
European shares rose against a backdrop of broader market gains on Tuesday.
The pan-European STOXX 600 index reversed earlier declines to end 0.2% higher, close to the record high hit on Friday.
Base metal miners rose the most, gaining 1.5% as copper prices hit an over one-week high. Consumer staples stocks and utilities followed.
Chip-related stocks gained after Advanced Micro Devices’ deal with Meta Platforms to sell up to $60 billion worth of AI chips, and tie-ups between software companies and AI lab Anthropic to develop new tools revived interest in the sector.
In Europe ASML and Infineon both gained over 1%, while the wider sector was 0.7% higher.
Disruptive technology is about a transfer of skills and produces winners and losers rather being an outright negative, said Mohit Kumar, an economist at Jefferies.
This year will be a lot about choosing winners and losers in the investment portfolio. We are not yet ready to step in and fade the AI-disrupted sectors, he added.
Most sectors on the STOXX 600 ended the session higher, although financials and media stocks did not.
Banks dropped 1.3%, on renewed concerns that newer AI models could disrupt traditional businesses. Financial services companies shed 0.3%
The European Parliament on Monday postponed for a second time a vote on the trade agreement signed with the U.S.
Analysts pointed to a bearish analysis from Citrini Research on the possible risks to the global economy and the broader financial sector.
The auto sector has been at the forefront of discussion on the impact of tariffs, but the broader auto sector rose 1.9% on Tuesday. Among individual stocks, Forvia jumped 2.8% after the car parts supplier forecast higher operating margin of between 6% and 6.5% in 2026.
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