Major stock markets in Europe ended Tuesday mostly higher following updates on inflation data. Germany's Harmonized Index of Consumer Prices rose 2.8% year-over-year in December, slightly below the initial forecast, while Eurozone inflation increased to 2.4% during the same period. Italian and French annual inflation remained stable at 1.3%, while Swiss inflation edged down to 0.6%. Additionally, the Eurozone unemployment rate reached 6.3% in November.

Also, the Volvo Group posted an 8% year-over-year surge in full-year sales for 2024.

The DAX jumped 0.70% with Daimler Truck Holding went 4.45% up. The EURO STOXX 50 gained 0.49% with Sap Se advancing 1.45%. The CAC 40 gained 0.59% as STMicroelectronics gained 1.93%. The FTSE 100 lost with Taylor Wimpey dropping 4.46%. The euro traded 0.21% lower compared to the US currency, selling for $1.03656 at 5:29 pm CET. Simultaneously, the pound was down 0.24% against the greenback to go for $1.24889.