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The FTSE MIB climbed 1.6% to close at a record 50,578 on Tuesday, recouping losses from the previous session as easing sovereign bond yields supported risk appetite. Financial stocks led gains, with UniCredit rising 1.6% and Generali adding 1.9%. Luxury shares also advanced amid signs that Chinese demand is stabilizing, with Ferrari up 2%. STMicroelectronics soared 15.1% after raising its data-center revenue target, citing strong AI-driven demand and ongoing capacity expansion. Meanwhile, investors monitored developments in the Middle East after Iran suspended indirect talks with Washington over Israel's military operations in Lebanon, although US President Donald Trump maintained that negotiations were still ongoing.  On the data front, 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.

FTSE MIB Climbs to Record Close

Frankfurt's DAX 40 pared some early gains to close about 0.5% up at 25,117 on Tuesday, as traders weighed prospects of a US–Iran agreement amid signs of easing Middle East tensions. US President Donald Trump said talks with Iran were still underway and suggested an interim deal could be reached as early as next week following a reported Israel–Hezbollah ceasefire in Lebanon. Meanwhile, Eurostat’s flash estimate showed inflation in May rising faster than in April, driven by volatile energy, highlighting persistent price pressures. Among key movers, Infineon Technologies jumped over 9% to record highs, tracking a broader AI-led rally in semiconductor stocks. Deutsche Post rose over 3% following a  buy recommendation from Kepler Cheuvreux. On the downside, SAP reversed early gains and slipped 3%. Bayer shares fell 2.9%, pressured by continued litigation risks in the United States.

DAX Closes Slightly Higher

The CAC 40 rose 0.8% to close at 8,209 on Tuesday, rebounding from the previous session's losses as easing sovereign bond yields supported risk appetite. Financial stocks rose, with BNP Paribas up 2%. Industrial and technology shares also advanced, with Schneider Electric gaining 4% and STMicroelectronics surging 15.1% after raising revenue targets for its data-center business, highlighting strong AI-driven demand. Luxury stocks moved higher as signs emerged that Chinese demand is stabilizing and LVMH intensified its focus on the US market. LVMH rose 1.1%, while Kering gained 2.7%. Meanwhile, investors monitored developments in the Middle East after Iran suspended indirect talks with Washington over Israel's military operations in Lebanon, although President Donald Trump maintained that negotiations were still ongoing. Markets also looked ahead to flash Euro Area inflation data, with headline inflation expected to rise to 3.2% in May and core inflation projected to edge up to 2.4%.

CAC 40 Rises as Bond Yields Ease

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.

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