European Stocks Close Mixed in Tuesday Trading; UK GDP Rises 0.6% in Q1

11:56 AM EDT, 06/30/2026 (MT Newswires) -- The European stock markets closed mixed in Tuesday trading as the Stoxx Europe rose 0.9%, Germany's DAX surged 1.4%, the FTSE 100 gained 0.1%, France's CAC declined 0.4%, and the Swiss Market Index fell 0.1%.

In the UK, real gross domestic product grew 0.6% in Q1 and was 0.9% higher than a year earlier, according to the Office for National Statistics.

"Monthly data suggest some loss of momentum, with real GDP decreasing by 0.1% in April 2026," the ONS said in its economic commentary. "This indicates some moderation at the start of Q2."

And in corporate news, Equinor and Var Energi have agreed to exchange natural gas assets on the Norwegian continental shelf, Equinor said Tuesday.

Under the swap, Equinor will transfer 32.5% of its interest in, and operatorship of, the Peon natural gas discovery to Var Energi in exchange for interests in producing assets and development licenses, including a 5% share in the Fram field, and positions in the Grosbeak and Mulder discoveries, it said.

Shares of the Norwegian petroleum refiner increased 0.8% in Oslo.

HSBC is in discussions to sell its Turkish unit to Emirates NBD, Bloomberg News reported Tuesday, citing people familiar with the matter.

The negotiations are at an early phase, and a final agreement may not be achieved, the news outlet quoted the people as saying.

HSBC and Emirates NBD did not immediately respond to MT Newswires' requests for comment.

Shares of HSBC gained 0.7% in London.

Ferrari and BMW are launching new vehicles that use aluminum wiring, signaling their shift away from copper, Reuters reported Tuesday.

The report said companies are switching to aluminum due to its lower price and comparable performance, while copper prices have increased driven by shortages and increased demand.

Ferrari and BMW did not respond to MT Newswires' requests for comment.

Shares of Ferrari lost 0.5% in Milan, while shares of BMW were little changed in Frankfurt.

Lloyds Banking Group is planning to increase its focus on workplace pensions to boost its wealth segment as part of its five-year strategy through 2030, Bloomberg reported Tuesday, citing internal company documents and a source familiar with the matter.

Documents showed that Lloyds aims to win bigger corporate institutional customers as part of its pension push, Bloomberg said.

Lloyds Banking Group declined MT Newswires' request for a comment.

Shares of the British lender rose 2.5% in London.

Barclays has acquired a long-term leasehold interest in its global headquarters at One Churchill Place in London's Canary Wharf from CWG at a value of 750 million UK pounds ($992.6 million), the companies said Tuesday.

The deal secures Barclays' control over its 1-million-square-foot global headquarters beyond the current lease term, which runs to 2039, and provides greater certainty over long-term costs, the companies said.

Shares of Barclays increased 0.6% in London.

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