European stock markets traded mixed on Tuesday amid varied corporate earnings that illustrated the shock of the Covid-19 pandemic without shedding too much light on the future.. In corporate news, Peugeot (PA:PEUP) stock rose 3.3% after the French car maker said it was aiming for a "solid rebound" in the second half of 2020, despite a sharp drop in its net profit in the first half of the year. Elsewhere, the luxury sector headed lower after LVMH (PA:LVMH) said its second-quarter sales were hit hard by store closures.
Elsewhere, gold futures were up 0.1% at $1,801.20/oz, while EUR/USD was up 0.1% at 1.1387.
European stock markets traded higher Wednesday, with investors buoyed by optimism about a coronavirus vaccine as well as the chance a key EU summit will lead to more stimulus. Helping the positive tone was the news that the first Covid-19 vaccine tested in people has shown promising early results. U.S. biotech firm Moderna 's (NASDAQ:MRNA experimental Covid-19 vaccine was declared safe and generated “robust” immune responses in all 45 volunteers taking part in the study, according to early-stage human trial results published in the New England Journal of Medicine on Tuesday.