FX.co ★ European Stocks Higher on Tuesday

European stocks advanced on Tuesday, with both the STOXX 50 and STOXX 600 up 0.6% after opening June in negative territory in the previous session. Investors capitalized on the recent pullback while weighing the durability of the global rally driven by technology and artificial intelligence. Market participants also kept a close eye on developments in the Middle East, where negotiations remain volatile and the Strait of Hormuz is still largely closed. At the same time, attention is shifting to the Eurozone’s preliminary inflation figures, with headline inflation expected to edge up to 3.2% and core inflation forecast to accelerate to 2.4%.