European stock markets closed higher in Tuesday trading as the Stoxx Europe 600 was up 0.33%, Germany's DAX climbed 1.03%, the FTSE 100 gained 0.60%, France's CAC 40 advanced 0.72%, and the Swiss Market Index rose 0.37%.

In Spain, GDP rose 0.7% in Q2 compared with 0.6% the previous quarter, according to the Spanish Statistical Office. Analysts expected the rate to remain at 0.6%, according to Bloomberg.

In corporate news, Novo Nordisk reported Q2 earnings Tuesday of 5.96 Danish krone ($0.92) per diluted share. Analysts polled by FactSet expected 6.04 krone per share. Sales for the quarter grew 18% at a constant exchange rate, the company said. The company also lowered its fiscal operating profit growth to a range of 10% to 16% from prior guidance of 16% to 24%.

Shares of the Danish pharmaceutical giant tumbled 23% in Copenhagen.

HSBC has asked managing directors to return to the office at least four days a week beginning in October, Bloomberg reported Tuesday, citing a memo. In-office work, which refers mainly to work in the lender's offices or with customers, includes meeting other stakeholders and attending conferences, the report said, citing the memo.

An HSBC spokesperson told MT Newswires that the bank is asking all managing directors to work in the office at least four days a week starting Oct. 1, "as in-person interactions are essential to how we lead and deliver for our customers."

Shares of HSBC rose 1% in London.

UBS has instructed its bankers to reduce the sale of complex currency derivatives after clients faced heavy financial losses related to President Trump's tariff announcements in April, the Financial Times reported Tuesday. UBS ordered advisers to stop pitching structured FX products -- known as Range Target Profit Forwards to many clients, the FT report said.

Shares of UBS gained 0.46% in Zurich.

Swedish Telecommunications company Ericsson said Tuesday the equity investments by 12 telecom companies into its subsidiary Aduna have been completed, formally setting up the unit as a joint venture. Financial details of the investments were not disclosed.

Ericsson shares up 0.56% in Stockholm.

An investigation of Apple's alleged anti-competitive behavior started in July 2024 has been broadened by Spain's antitrust regulator, the National Commission of Markets and Competition. The government agency said Tuesday it is investigating whether the tech giant established a pricing schedule that developers are required to follow in order to distribute their apps on the App Store, which would restrict competition.

In an emailed statement to MT Newswires, Apple said it will continue to engage with the agency to ensure its concerns "are fully understood."