An employee, wearing a protective face mask, assembles a battery-pack for electric cars at the assembly line at the PSA Peugeot Citroen plant in Trnava, Slovakia on July 16, 2020.


vladimir simicek/Agence France-Presse/Getty Images

European stocks and the dollar rose Tuesday, reversing the previous day’s sour tone as traders digest a wave of corporate results on both sides of the Atlantic and the latest coronavirus news.

Down 0.3% on Monday, the Stoxx Europe 600
SXXP,
+0.18%

rose 0.2%.

The euro
EURUSD,
-0.38%

slipped, trading at $1.1731 vs. $1.1753 on Monday, when it reached the highest level since Sept. 25, 2018. Gold futures were steady after Monday’s $33.70 per ounce gain that set a new record high.

U.S. coronavirus numbers have improved, with deaths, new cases and the positive test rate on Monday declining, according to data from the COVID-19 project. That improvement comes as Moderna started late-stage trial of its COVID-19 vaccine and as Republicans lawmakers introduced the latest stimulus package meant to offset the economic disruption from the coronavirus.

Investors largely cheered the earnings news released Tuesday.

Peugeot
UG,
+3.48%

shares rose 3.2% as the French automaker reported a surprise profit for the first half. Peugeot is planning to complete its merger with Fiat Chrysler Automobiles
FCA,
+2.74%

before the end of the first quarter of 2021.

B&M European Value Retail
BME,
+3.65%

gained 4% as the U.K. retailer said its first-half adjusted EBITDA will top analyst expectations.

Delivery Hero
DHER,
+3.51%
,
the German food-service delivery company, rose 2.9% after raising its fiscal year revenue guidance and saying it will top 1 billion orders on its platforms.

LVMH Moet Hennessy
MC,
-4.69%

shares slumped 3.3% as the luxury-goods giant reported an 84% drop in first-half profit on a 27% revenue fall.

Following the 115-point gain for the Dow industrials
DJIA,
+0.43%

on Monday, U.S. stock futures
ES00,
+0.03%

were steady. U.S. earnings results are on tap from Pfizer and 3M , and after the close, Starbucks and Visa.



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