Europe Stocks Rise With PMI In Focus

European stock markets opened higher on Tuesday, after the purchasing managers’ index for France rose to a four-month high, with investors further awaiting more PMI data for Germany and the combined euro zone.

The Stoxx Europe 600 index rose 0.3% to 286.44, adding to a 0.2% gain on Monday. Shares of ARM Holdings PLC jumped 6.9%, after the chip maker posted first-quarter earnings results ahead of expectations.

Michelin lost 3%, after reporting a drop in first-quarter revenue. Among country-specific indexes, France’s CAC 40 index gained 0.7% to 3,677.51, while Germany’s DAX 30 index added 0.6% to 7,522.39. The U.K.’s FTSE 100 index gained 0.5% to 6,309.81.

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