Europe Markets: European stocks nudge higher on earnings season hopes

European stocks inched higher Tuesday, pricing in the enthusiasm on Wall Street after a solid start to third-quarter earnings season.

Up 17% this year, the Stoxx Europe 600 SXXP, +0.20% rose 0.2% to 467.88

The biggest Stoxx 600 gainer was ProSiebenSat.1 Media PSM, +4.90%, which rose 5% after the company prepaid €900 million of its existing term loans.

Remote access software maker TeamViewer TMV, -3.85% fell 6% after downgrades from both Exane BNP Paribas and Berenberg.

Danone BN, -2.32% shares slipped 2% after the yogurt maker reiterated its 2021 guidance and said a broad-based acceleration in milk, ingredients, packaging and logistics costs are expected.