Following a record close on Monday, the Europe Stoxx 600 index opened 0.3% higher. After finishing at an all-time high on Monday, the UK's FTSE 100 index began trading up 0.5%, while France's CAC index opened 0.1% lower, and Germany's DAX index advanced 0.1%. The Dutch AEX index on the Amsterdam Exchange opened with a 0.2% gain. Spain's IBEX index rose 0.25%.

Both the Europe Stoxx 600 and Spain's IBEX indices reached new historic highs.

Regarding individual stocks, Deutsche Bank's share price climbed 1%, reaching its highest level since July 2011. ASM International and Besi saw their shares rise between 2.3% and 3.3%, leading the gainers on the Amsterdam AEX index.

STMicroelectronics' stock increased by 2.6%, making it the top performer among the French CAC 40 index constituents.

Italy's banking index advanced 0.8% in early trading, with UniCredit rising 1.2%.

Shares of Anheuser-Busch InBev fell 1% after it acquired a stake in a US metal can manufacturer.

Next's stock price jumped 2.7% after the company raised its performance outlook for the 2026 fiscal year.