Traders work on the floor of the New York Stock Exchange (NYSE) on November 07, 2025 in New York City.
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LONDON — European stocks maintained their positive momentum as an end to the U.S. government shutdown is in sight.
The pan-European Stoxx 600 index was up 0.5% on Tuesday morning, with most major bourses and sectors in positive territory.
The U.K.’s FTSE index hit a new record high on Monday, and was up more than 1% by 8:21 a.m. in London (3:21 a.m. ET), with Germany’s DAX up 0.1%, France’s CAC 40 up 0.6% and Italy’s FTSE MIB 0.5% higher.
Shares of Swiss companies gained in early trading as the country appeared to be close to clinching a deal with the U.S. to lower tariffs. Switzerland’s luxury sector saw initial gains, with Richemont up almost 2%, while Swatch Group advanced 2.8% and Givaudan rose 1.5%. Overall, Switzerland’s SMI was up 0.6% in early trade.
In earnings news, Vodafone gained 5.5% after reporting total revenues of 19.6 billion euros ($22.7 billion) for the first half of the fiscal year 2026, reflecting a 7.3% increase. The London-listed telecoms group said it was increasing its dividend, and would reach the upper end of fiscal year 2026 profit guidance, boosted in part by growth in Germany, its largest market.
Meanwhile, the pound fell against the dollar after a surprise slowdown in U.K. wage growth to 4.6% in the third quarter. Sterling was last seen down 0.36% against the greenback at $1.3128. Yields in U.K. government bonds, known as gilts, also fell across all maturities, with the 10-year benchmark falling more than 4 basis points to 4.419%.
On Monday night, the U.S. Senate passed a bill to fund the federal government through January and end the longest shutdown in U.S. history.
The bill, which passed 60-40 with support from a handful of Democratic senators and nearly all Republicans, will be sent to the House of Representatives. If it passes the House, the bill will head to President Donald Trump to be signed into law.
U.S. stock futures were near the flatline on Monday night while Asia-Pacific markets traded mixed, boosted by gains on Wall Street on Monday amid revived optimism around artificial intelligence that prompted Nvidia, Google parent Alphabet and Microsoft stocks to rally.
Earnings reports in Europe on Tuesday come from Softbank, Nebius, Munich Re, and CEZ Group.
— CNBC’s Dan Mangan and Kevin Breuninger contributed to this market report.