FX.co ★ European Stocks Hold Near Records

European stock indices ended Tuesday’s session mixed, pausing after the record highs reached the day before, as investors digested a slate of diverging earnings results from the Eurozone’s largest companies. The STOXX 50 edged down to 6,050, while the STOXX 600 held at its all-time high of 621. In the technology sector, SAP, Infineon, and Adyen led the advance, extending the prior session’s rebound from last week’s broad-based software selloff, which had been driven by worries that automation tools could erode demand for specialized software-as-a-service offerings. Ferrari jumped more than 10% after beating forecasts on both earnings and guidance, and other luxury names also traded higher after Kering reported upbeat results. In contrast, financial services stocks gave back part of their recent gains, with AXA, UniCredit, and Allianz all falling more than 2.5%.