Europe close: Stocks higher, euro dips

European shares rose again on Tuesday, benefitting from the risk on mood on Wall Street.

The pan-European Stoxx 600 index was up 0.62% to 460.76, with the main regional bourses all higher alongside.

France's Cac-40 rose the most, adding 0.38% to 7,319.18, while the German Dax put on 0.35% to 16,125.49.

Worth noting, in interviews with Bloomberg, two European Central Bank governing council members, Ignazio Visco and Klaas Knot, pushed back on expectations for a further interest rate hike in September, pointing out that the risks of doing too little needed to be balanced against those from doing too much.

Nonetheless, both believed that a tightening move was on the cards for the following week's policy meeting.

In equity news, shares in online grocer and logistics technology company Ocado surged after the company swung to an underlying first-half profit.

Novartis shares were up after the drugmaker raised its full-year earnings guidance and mapped out the planned spin-off of its generic medicines division Sandoz for early in the fourth quarter and a $15bn share buyback to be completed by the end of 2025.

Swedish diversified group Dometic also bolted higher after strong second-quarter earnings, while Nel shares powered to the top of the index as the Norwegian hydrogen tech specialist received a 'buy' rating from Goldman Sachs.

Tele2 shares plumbed a fresh 52-week low despite the Swedish mobile telecoms provider posting better-than-expected quarterly results.