Major European markets closed slightly higher on Tuesday after late-session buying reversed earlier losses. The pan-European Stoxx 600 rose 0.17%, the UK's FTSE 100 gained 0.3%, Germany's DAX added 0.13%, and France's CAC 40 edged up 0.03%, while Switzerland's SMI fell 0.17%. Gains were supported by miners and banks in London, with Rio Tinto up 3.3% and Barclays up nearly 2%, while German and French markets saw broad-based advances in energy and financial stocks. Sentiment was pressured by rising oil prices amid escalating Middle East tensions, but weaker-than-expected U.S. inflation data helped stocks recover from intraday lows.
Rio Tinto PLCRising oil prices amid Middle East tensions boosted miners like Rio Tinto.
Barclays PLCWeaker-than-expected US inflation data helped stocks recover, benefiting financials like Barclays.