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Europe Markets: European stocks nudge higher on earnings season hopes

European stocks inched higher Tuesday, pricing in the enthusiasm on Wall Street after a solid start to third-quarter earnings season.

Up 17% this year, the Stoxx Europe 600
SXXP,
+0.17%

rose 0.2% to 467.88

The biggest Stoxx 600 gainer was ProSiebenSat.1 Media
PSM,
+4.97%
,
which rose 5% after the company prepaid €900 million of its existing term loans.

Remote access software maker TeamViewer
TMV,
-3.81%

fell 6% after downgrades from both Exane BNP Paribas and Berenberg.

Danone
BN,
-2.42%

shares slipped 2% after the yogurt maker reiterated its 2021 guidance and said a broad-based acceleration in milk, ingredients, packaging and logistics costs are expected.

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