European stocks rose at the start of trading on Tuesday, to their highest level in more than a month, supported by strong earnings results from companies, including banks such as Switzerland's UBS and Italy's UniCredit, in addition to optimistic sentiment regarding interest rate cuts.
By 0710 GMT, the pan-European STOXX 600 index was up 0.6 percent after closing at a one-week high on Monday.
UBS shares jumped 6.3 percent after the bank reported a nearly three-fold increase in first-quarter net profit, its first quarterly profit since taking over rival Credit Suisse.
The financial services index rose 1.8 percent.
Shares of UniCredit, Italy's second-largest bank, rose about 3 percent.
Shares in German chipmaker Infineon rose 6.5 percent. But the company announced a cost-cutting program after cutting its full-year profit forecast.
On the other hand, the Danish medical equipment manufacturer Coloplast's share fell by 5.1 percent.
Stocks were also supported by a drop in euro zone bond yields on increased bets that the Federal Reserve and the European Central Bank will cut interest rates this year following weak U.S. jobs data on Friday.
