European Commission President Ursula von der Leyen (left) speaks with Indian Prime Minister Narendra Modi before their meeting at Hyderabad House in New Delhi on February 28, 2025. The European Union is exploring a security and defense partnership with India, European Commission President Ursula von der Leyen said on February 28, ahead of talks with Prime Minister Narendra Modi in New Delhi. (Photo credit: Money SHARMA/AFP) (Photo credit: MONEY SHARMA/AFP via Getty Images)
Money Sharma | AFP | Getty Images
LONDON — European stock markets ended broadly higher on Tuesday as investors reacted to a landmark trade deal between the European Union and India and braced for a flurry of corporate profits.
pan-european Stocks 600 Most sectors and major exchanges were in positive territory, ending the day 0.6% higher.
Indian Prime Minister Narendra Modi announced on Tuesday that India and the European Union have signed a “landmark” free trade agreement, touted as the “mother of all agreements”. The agreement accounts for about 25% of the world’s gross domestic product and about one-third of global trade.
According to the European Council, the EU’s biggest exports to India are machinery, transport equipment and chemicals. The region’s biggest imports from India are machinery, chemicals, and fuel.
Earnings season has begun again this week, with regional investors paying particular attention to the latest financial reports from ASML, Volvo, LVMH, Deutsche Bank, and more. On Tuesday, Atlas Copco sandvik and logitech international I was planning to report it.
Stock movements
Looking at individual stocks, puma The stock soared after China’s Anta Sports confirmed it would buy a 29% stake from France’s wealthy Pinault family for 1.5 billion euros ($1.78 billion). The German sportswear company’s stock ended the day up more than 9%.
Swedish medical device maker Getinge fell 5.8% by close, dropping to the bottom of the regional index after the company reported a slight decline in orders for the fourth quarter of 2025. Full-year sales were SEK 34.97 billion ($39.1 billion), slightly below expectations set by the LSEG consensus.
british boot maker Dr. Martens Sales fell 11% after the company reported disappointing quarterly results and predicted roughly flat sales growth in 2026. Sales in the third quarter of the financial year fell 3.1% to £251 million ($343 million). This was due to a 7% decline in direct sales sales as the company scaled back its promotions. Meanwhile, wholesale revenue increased by 9.3%.
“This year is a year of transformation, as we make the necessary changes to our business to position us for sustainable growth in the future,” CEO Ije Nwokolie said in a statement accompanying the results, adding that the company is “fully committed” to executing on Dr. Martens’ strategy to reduce discounting, accelerate growth in other products, expand into new markets and simplify its operating model.
Meanwhile, European banks are in dire straits. of Stoxx Europe 600 Banks The index hit its highest since 2008 on Tuesday, rising 1.8% to 374.71 points, as investors reacted to the sector’s “strengthened access to India’s services market” in the UK-EU trade deal with India.
London listed stocks HSBC Last time, the stock rose 2.8%, a record high. BNP Paribas It rose 1.8%, also hitting a new high. Banco Santander followed suit, rising more than 1% to a new high. UBS and deutsche bank Added value has also been added.
Korean customs duty
Global trade uncertainty increased overnight after US President Donald Trump said Monday he would raise tariffs on Asia’s fourth-largest economy and criticized South Korea.
President Trump said on Truth Social that South Korea’s Congress has not approved a trade deal between South Korea and the United States, and that tariffs on South Korean cars, medicine, and lumber would increase from 15% to 25%. South Korean auto stocks plunged, but losses narrowed overnight.
S&P 500 futures rose after the major averages got off to a strong start to a busy earnings week. Investors are also awaiting the US Federal Reserve’s decision on interest rates later this week.
The central bank is widely expected to keep interest rates in its target range of 3.5% to 3.75%, but traders are looking for clues about the timing of future rate cuts.
— CNBC’s Priyanka Salve contributed to this market report.
