European stock markets wrapped up Tuesday’s session with little fanfare, as investors awaited key U.S. macroeconomic data. The Paris exchange nudged into positive territory, while London, Frankfurt and Milan slipped slightly lower.
Paris (+0.06%) managed a modest gain, driven primarily by a surge in luxury conglomerate Kering, which jumped over 10% after strong earnings. In contrast, the London Stock Exchange fell 0.31%, Frankfurt’s DAX slipped 0.11%, and Milan’s Borsa Italiana dropped 0.04%.
Pharmaceutical giant Sanofi saw its shares retreat on the Paris market after the company warned that a U.S. regulatory decision on its experimental multiple‑sclerosis drug may be postponed, weighing on investor sentiment.
The broader CAC 40 index remained largely unchanged, reflecting the cautious mood across Europe as traders look ahead to upcoming economic indicators from the United States.