European stocks closed higher on Tuesday amid hopes that U.S. President Donald Trump will delay a decision on whether to impose tariffs on EU autos.
The pan-European Stoxx 600 was up by around 0.5% at 407.40, with telecoms stocks leading gains. Iliad was the top driver in the sector, up 20% on the back of strong earnings and the unveiling of a new share buyback plan.
Market sentiment has been lifted slightly after reports that President Trump would announce a delay to EU auto tariffs by six months, potentially averting another damaging dispute with a major U.S. trading partner.
Source : CNBC