In the European session, the German Benchmark Index traded above 18,400 levels.
European markets commenced trading positively on Tuesday, with traders keeping a close eye on a wave of earnings reports within the region. Swiss banking behemoth UBS surpassed analyst predictions by returning to a quarterly net profit following two consecutive losses. Its shares surged by 8% during morning transactions. Among the other companies disclosing their results on Tuesday are oil giant BP and Italian bank UniCredit.
Additionally, in Germany, the DAX index rose by 0.41%. April's construction Purchasing Managers' Index (PMI) for Germany stood at 37.5 compared to the previous reading of 38.3, while March's industrial orders saw a decrease of 0.4% month-on-month, against an expected increase of 0.4%.