European stock markets posted broad-based gains on Tuesday, accelerating after opening above the parity level with New York.
The rally was led by Milan, where defense and technology shares drove the index higher, reflecting a resurgence in investor appetite for cyclical and growth assets.
The positive sentiment follows a broader global rebound, with Asian markets snapping a multi-day losing streak earlier in the week as technology stocks led the recovery.
The advance in Europe was underpinned by strong financial results from key US semiconductor companies, which have helped restore confidence in the artificial intelligence sector.
This earnings-driven optimism has provided a tailwind for European tech and defense names, which have been among the outperformers in recent sessions.
The market move suggests that investors are increasingly focused on corporate fundamentals rather than macroeconomic headwinds.