European shares tick higher with investor focus on earnings

Frankfurt at sunset

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European shares edged higher on Tuesday, following a 1% jump in the previous session, with investor focus on corporate earnings and trade tensions between the U.S. and China.

The continent-wide STOXX 600 index edged up 0.1% at 572.56 points, as of 0711 GMT.

European banks rose 0.5%, while the STOXX aerospace & defence index added 0.4%.

Healthcare stocks and the technology sector dipped 0.2% each.

Assa Abloy, the world's largest lockmaker, rose 3.4% after reporting a slightly bigger-than-expected third-quarter operating profit.

HSBC rose 1.7% after it appointed former NatWest executive David Lindberg as CEO of its UK business.

French vouchers and benefit cards provider Edenred climbed 10.9% after it reported third-quarter sales that were above expectations.

In the ongoing trade skirmish between Washington and Beijing, U.S. Treasury Secretary Scott Bessent is set to meet Chinese Vice Premier He Lifeng this week to try and forestall an escalation of U.S. tariffs on Chinese goods.

(Reporting by Sukriti Gupta in Bengaluru; Editing by Harikrishnan Nair)

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