Looking at bourses, most of Europe's major indexes closed higher with the U.K.'s FTSE 100 pushing ahead, up 0.52 percent on the back of a strong performance from British miners. The French CAC 40 rose 0.11 percent, while the German DAX came under slight pressure, off 0.09 percent. Peripheral markets showed a mixed-to-lower picture by the finish.
Italy's FTSE MIB diverted from the bullish moves, weighed by concerns around the new coalition government's first budget. Deputy Prime Minister Luigi Di Maio on Tuesday told Italian newspaper Il Fatto Quotidiano that the country's deficit could go above the European Union's limit of 3 percent of gross domestic product (GDP) next year to fund promised spending measures. The index closed in the red, down 0.85 percent.
On the industry front, basic resources outpaced fellow European sectors, finishing up 1.64 percent amid news of an improving global trade outlook. London-listed miners Evraz, Anglo American, BHP Billiton were top sectoral performers, with Kaz Minerals being the group and the STOXX 600's biggest gainer, finishing the session up 8.4 percent.
Looking at individual stocks, brewer Royal Unibrew saw shares surge after the company reported stronger-than-anticipated second-quarter figures. The Copenhagen-listed stock also upwardly revised its guidance for the third time this year. The Danish company climbed 4.82 percent.
Meanwhile, Sydbank tumbled to the bottom of Europe's benchmark after it missed analyst expectations for the first half of the year. Its shares sank over 11 percent by the close.