European stocks rise amid earnings flurry, investors asses US-EU trade deal
EssilorLuxottica
amid a slew of corporate results, while investors also assessed the implications of the newly signed trade pact between Washington and Brussels.
The pan-European
STOXX 600 index
gained 0.3% by 0715 GMT. Most regional bourses also traded higher, with
Germany's DAX
and
France's CAC
adding 0.5% each.
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The benchmark STOXX 600 rose 0.9% to hit a four-month high early in Monday's session but reversed course to close about 0.2% lower, as investors weighed the impact of a new 15% levy on most European Union goods, which is significantly higher than pre-2025 levels.
Among individual stocks, Franco-Italian eyewear group EssilorLuxottica shares jumped 5.4% after the company reported an increase in first-half operating profit despite a tariff hit.
Dutch company
Philips
rose almost 9% to the top of the index after the healthcare technology group lowered its
tariff impact
estimates following the U.S.-EU trade deal.
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On the flipside, car distributor Inchcape dropped 6.3% and ranked as the top decliner after posting a first-half profit drop due to tariff impact.
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