FX.co ★ European Stocks Advance on Tuesday

European equities advanced on Tuesday as easing crude prices helped alleviate inflation concerns and tempered expectations of an imminent ECB rate hike. The Stoxx 50 rose 0.9%, while the broader Stoxx 600 added 0.3%, driven largely by gains in technology shares. ASML was a notable outperformer, climbing 5%.

In contrast, energy stocks retreated as Brent crude declined toward $104 a barrel after Saudi Arabia restarted a key oil-export pipeline. In Switzerland, Julius Baer rallied as much as 9% after Finma concluded its enforcement proceedings, paving the way for the bank to seek approval to resume its share-buyback programme. Lindt & Sprüngli fell 7.5% after cutting its sales growth forecast for the second time this year.