German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, October 8, 2025. REUTERS/staff

By Sukriti Gupta

(Reuters) -European shares were flat on Tuesday, following a 1% jump in the previous session, as investors assess a mixed bag of corporate earnings.

The continent-wide STOXX 600 index was flat at 572 points, as of 0843 GMT. Most other major regional indexes nudged higher, except Germany's DAX that edged down 0.1%.

The STOXX 600 index added about 1% in the previous session as concerns surrounding the U.S. banking sector and U.S.-China trade tensions somewhat calmed.

"Over the last couple of days we've seen some of the concerns from last week dissipate a little bit. That's prompted a bit of a recovery in European stocks," said Richard Flax, chief investment officer at Moneyfarm.

"The challenge in Europe is (that) the European earnings outlook isn't as robust as it is in the U.S."

European real estate stocks added 0.8%. Segro advanced 3.2% after the warehousing group reported strong third-quarter rent signings.

Banks added 0.1%, while utilities advanced 0.6%.

Conversely, the chemicals index lost 0.5%, while miners declined 0.6%. Healthcare stocks dipped 0.2%.

In corporate updates, Assa Abloy, the world's largest lockmaker, rose 3.6% after reporting a slightly bigger-than-expected third-quarter operating profit.

HSBC rose 1.5% after it appointed former NatWest executive David Lindberg as CEO of its UK business.

French vouchers and benefit cards provider Edenred climbed 13.9%, to top the STOXX 600, after it reported third-quarter sales that were above expectations.

BPER Banca gained 6.3% after the Italian lender signed a derivatives contract to acquire a 9.99% synthetic exposure of its share capital.

On the flip side, bottler Coca-Cola HBC AG edged down 0.5% on agreeing to acquire a controlling stake in Coca-Cola Beverages Africa (CCBA) and posting third-quarter organic revenue growth below estimates.

Swedish online broker Nordnet declined 4% on second-quarter adjusted earnings slightly below expectations.

Eurofins Scientific dropped 6.2% on lower organic growth in its BioPharma division in the third quarter.

Meanwhile, leaders of European nations, including Britain, France, Germany, Ukraine, and the European Union issued a joint statement setting out support for Ukraine and Trump's efforts to end the fighting there.

Meanwhile, Trump said on Monday he expects to reach a fair trade deal with his Chinese counterpart and downplayed risks of a clash over the issue of Taiwan.

The two leaders are expected to meet on the sidelines of an economic conference in South Korea next week.

(Reporting by Sukriti Gupta in Bengaluru; Editing by Harikrishnan Nair)