European shares rose on Tuesday after corporate trading updates lifted the sentiment, with shares in German fashion house Hugo Boss gaining on better-than-expected sales in the last quarter of 2017.
The pan-European STOXX 600 index was up 0.1 per cent in early deals with most indexes and sectors across the continent trading in positive territory.
Germany's DAX added 0.1 per cent and Hugo Boss rose about 1.9 per cent after it reported a rebound in growth at its own stores, a jump in online sales and a recovery in the United States. Deutsche Bank, on the other hand, lost 1.2 per cent after it was accused in a lawsuit of conspiring to rig a Canadian benchmark rate.
France's CAC 40 rose 0.1 per cent with French carmaker and Peugeot-brand owner Groupe PSA up 0.4 per cent after reporting a 15.4 per cent rise in worldwide sales for 2017.
French utility Engie also added 0.5 per cent. The company said it hoped to improve earnings growth in its core businesses of renewable energy, grids and energy services this year. Core earnings rose an estimated five per cent in 2017.
The FTSE 100 was up 0.15 per cent as investors waited to see whether UK inflation slowed in December from the 3.1 per cent it reached in November. GKN rose about 1 per cent as it faces continuing pressure from activist fund Elliott to engage with its would-be suitor Melrose.