European markets saw gains on Tuesday. The FSTE Eurofirst 300 added 0.8 percent to 1,612.5. In Madrid, the IBEX was 0.44 percent higher to 14,869.4, while the CAC-40 in Paris gained 0.71 percent to 6,069.84. The Dax was up 1.16 percent to 8,050.68 in Frankfurt.
Carmakers were mixed in Europe. Peugeot (Euronext: UG; OTC: PEUGY) was 2.09 percent higher to €61.14, while Renault (Euronext: RNO) added 2.69 percent to €121.38 and Volkswagen (OTC: VLKAY) gained 2.99 percent to €120.55. On the other hand, BMW (FWB: BMW) dropped 0.22 percent to €40.34.
In related news, German truck maker and engineering group Man (FWB: EDF1) had the best day on the Dax, adding 4.14 percent to €111.97.
The worst performance of the day on the Dax came from software group SAP (FWB: SAP; NYSE: SAP), which dropped 2.11 percent to €37.10 after it admitted that one of its units had made “inappropriate downloads” from rival software group Oracle (NAS: ORCL).
Retailers did well in Paris. Carrefour (Euronext: CA) had the best day on the CAC-40, adding 3.09 percent to €53.09, while luxury goods retailer PPR (Euronext: PP) did almost as well, gaining 2.94 percent to €131.47.
Air France (Euronext: AF; NYSE: AKH) saw the biggest loss of the day on the 40, dropping 1.72 percent to €33.75.