European stocks edge higher on Tuesday, driven by earnings and another pullback in energy prices

European equity markets ended Tuesday, 28 July 2026 (6 Mordad 1405), modestly higher. According to Trading Economics data the same day, the Euro STOXX 50 added 0.2 percent to 6,294 points and the STOXX Europe 600 gained 0.4 percent to 647 points. The two stated drivers were corporate earnings and another pullback in energy prices.

Among individual names, Unilever led the gains, surging 8.5 percent after raising its full year sales guidance. Mercedes-Benz rose 2.9 percent, Safran 3 percent and Orange 3.1 percent, while LVMH added 1 percent. On the downside, Barclays fell 5.6 percent after posting its balance sheet, and ASML extended recent losses with a 3 percent decline; the technology sector was under pressure globally on renewed concerns about AI related spending.

The energy factor matters directly for Iran's market: the fall in oil prices that supported European shares is the same variable that has been easing in recent days as tension around the Strait of Hormuz cooled and US officials spoke of talks with Iran.