European stocks advanced on Tuesday and regional bond yields dipped after France and the Netherlands reported falling inflation in October.<\/p>\n
Traders await Eurozone GDP and inflation data later in the day for fresh impetus.
The pan-European STOXX 600 climbed 0.6 percent to 433.75 after rising 0.4 percent on Monday. <\/p>\n
The German DAX, France’s CAC 40 and the U.K.’s FTSE 100 were up between half a percent and 0.7 percent. <\/p>\n
Anheuser Busch Inbev, the world’s largest brewer, jumped 3.3 percent after posting Q3 sales above expectations.<\/p>\n
Rival Carlsberg fell 2.4 percent after it warned of weak consumer sentiment in Europe and Southeast Asia. <\/p>\n
Spanish lender BBVA dropped 1 percent despite reporting robust third-quarter earnings. <\/p>\n
Engineering group Wartsila jumped 15 percent after profitability improved in the energy business<\/span> in the third quarter of 2023.<\/p>\n BP Plc shares slumped 4.6 percent in London after the energy giant reported a steep drop in third-quarter profits as a result of lower prices for hydrocarbons and lower than expected results from its gas trading operations. <\/p>\n Spectris rallied 3.4 percent after the precision instrumentation and controls company said it expects full-year profits to be at the top end of forecasts.<\/p>\n Specialty chemicals company Elementis rose over 3 percent despite reporting a fall in third-quarter revenue from last year.<\/p>\n Thales tumbled 3.1 percent after the French defense electronics maker said its order intake for the period ending 30 September 2023 fell 18 percent on an organic basis.<\/p>\n Construction-to-telecoms conglomerate Bouygues climbed 4.3 percent after posting solid nine-month results and confirming FY23 outlook.<\/p>\n Germany’s Siemens Energy declined 2.1 after reports that it is considering selling stake in Indian-listed Siemens to former parent Siemens AG. Shares of the latter were up 0.6 percent.<\/p>\n Utility Uniper SE surged 8.6 percent after it swung to a nine-month net profit of 9.77 billion euros ($10.35 billion).<\/p>\n Chemicals maker BASF rallied more than 4 percent as it unveiled fresh cuts to investment and measures to reduce operating costs. <\/p>\n