European Shares Gain On US-China Tariff Truce Optimism

European shares rose on Tuesday, with a U.S.-China tariff truce extension aiding sentiment, while investors awaited U.S. inflation data to gauge the impact of tariffs on price pressures and monetary policy path.

The pan-European STOXX 600 index was up 0.4%, as of 0710 GMT, with most regional bourses trading in the green.

Washington and Beijing extended a tariff truce by 90 days, staving off triple-digit duties until November 10, with all other elements of the truce to stay in place, and setting the groundwork for a meeting between U.S. President Donald Trump and Chinese President Xi Jinping later this year.

Meanwhile, Trump said both Kyiv and Moscow will have to cede land to end the war ahead of his summit with Russian President Vladimir Putin on Friday.

Among individual stocks, UBS fell 0.9% after an investor sold the Swiss wealth manager's shares.

Sartorius rose 3.6% after Jefferies upgraded the pharmaceutical equipment supplier's rating to "Buy" from "Hold".

Vestas Wind Systems jumped 3.5% after receiving orders in the U.S. for undisclosed projects.

Spirax Group was the top gainer on the index, surging 16%, after the company's first-half results beat expectations.

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