Doha: European stock indices experienced a significant boost by the end of Tuesday's trading session.

According to Qatar News Agency, the Stoxx Europe 600 index saw a rise of 0.7 percent, reaching an eight-week high. This positive trend was mirrored across most regional stock markets, with both German and Irish markets nearing record levels. The Spanish index also showed remarkable performance, reaching its highest point since 2008.

The utilities and telecoms sectors were particularly strong performers. The utilities sub-index increased by 1.8 percent, while the telecoms sub-index rose 1.7 percent. Vodafone shares were a key driver in this sector's growth, climbing 3 percent following the company's announcement of anticipated growth in cash flows for the year.

Tuesday's trading was influenced by China's decision to cut its benchmark lending interest rates for the first time since October 2024. This move had a positive impact on luxury goods stocks tied to consumption in China. Companies such as LVMH, Burberry, and Kering saw their shares rise by 1.3 percent, 3.7 percent, and 4 percent, respectively.