European stocks settled near their highest levels in five weeks on Tuesday, with mining and luxury goods stocks leading the gainers after China pledged more support for its slowing economy, but mixed business results limited gains.
The European Stoxx 600 index was little changed, by 0709 GMT, after the rise of Asian markets thanks to indications of more stimulus measures that will focus on supporting domestic demand in China.
The mining sector index jumped 2.3 percent, leading the gainers in Europe, as metal prices rose on hopes of improving demand from China.
Luxury goods companies such as LVMH and Richemont rose more than 1 percent each.
Unilever (LON:ULVR) jumped 5.1% after the consumer goods giant reported more-than-expected quarterly sales growth as it raised prices again to offset higher costs.
But Bayer shares fell 2.6 percent after the German drugmaker cut its full-year profit estimate and announced a 2.5 billion euro ($2.8 billion) writedown of assets.
