Stocks in Europe were higher on Tuesday, with the STOXX 50 adding 0.5% and the STOXX 600 rising 0.6%, extending gains from the previous session, amid further signs the end of the US government shutdown is close. After a pact reached in the Senate on Sunday between some Democrats who defected the party’s leadership and some Republicans, the US Senate voted 60-40 yesterday to pass a bill to end the longest ever government shutdown in the US. Fresh corporate updates also boosted investor sentiment. Shares of LVMH were up 1.8% after Bloomberg reported the luxury brand is set to open major stores in China in December and is considering further expansion there. ASML (1.2%), Hermes (2%), AstraZeneca (2.4%), and Roche (1.1%) were also higher. Vodafone jumped more than 5% after the telecom company upgraded its full-year forecast for both earnings and cash flow.
