European bourses closed mostly in positive territory on Tuesday, on the back of a solid set of economic data for the
The pan-European Stoxx 600 finished the session up 0.22 percent, with most sectors closing in the black. The U.K.'s FTSE 100 failed to hold onto gains, ending 0.15 percent down, while Germany's DAX popped 0.31 percent.
This positive sentiment in Europe followed economic data showing the euro zone keeping up a strong growth rate. The May flash composite PMI stood at 56.8, matching the six-year high registered in the previous month.
In particular, the French private sector rose to a six-year high in May supported by the election of President Emmanuel Macron. This boosted the French CAC 40, which closed up 0.47 percent, and banking shares, which closed up 0.79 percent as a sector.
However, the technological sector topped the leader board on Tuesday, after Nokia and Apple reached an agreement over their intellectual property dispute and
Looking at individual stocks, French media firm Vivendi jumped 1.81 percent following a Wall Street Journal report, which stated that the company could float a minority stake in Universal Music Group.
On the other hand, the Swiss firm Clariant dropped 2.55 percent on Tuesday as shares took a breather after strong gains seen on Monday. This followed news that it would merge with Huntsman Corp creating a chemical giant worth around $14 billion.