London: European stocks closed slightly higher Tuesday, as the positive momentum generated by weak US inflation data and a truce in the China-US trade dispute began to fade, while investors assessed a mixed batch of corporate earnings. The pan-European Stoxx 600 index closed up 0.1 percent, approaching its highest level since late March, marking its fourth consecutive session of gains.

According to Qatar News Agency, European stocks recovered most of the losses incurred due to the massive tariffs imposed by US President Donald Trump last month, but concerns remain that these tariffs will impact global growth. Shares in Bayer also rose 2.8 percent after its first-quarter results showed a slower-than-expected decline in adjusted profits.

The latest data from the London Stock Exchange Group indicates that European corporate profits are expected to rise 1.9 percent in the first quarter, compared to the 0.4 percent forecast a week ago.