European shares traded higher Tuesday as investors continued to monitor political developments in the continent.

The pan-European Stoxx 600 index rose 0.2% in morning trade, with most sectors and major bourses in positive territory.

Looking at individual stocks, Umicore rose toward the top of the European benchmark after announcing the acquisition of cobalt refinery in Finland. The company’s share price rose 2% in early trade.

In corporate news, Scandinavian Airlines reported heavy losses in its interim second-quarter report. The firm said its results were hit by a pilot strike and rising jet fuel prices. Shares fell nearly 4% shortly after the opening bell.

Source : CNBC