European Stocks Climb on EU-India “Mother of All Deals” While Dr Martens Slumps

European stocks edged higher on Tuesday as investors reacted positively to the European Union’s historic trade agreement with India. The pan-European Stoxx 600 index rose 0.3%, with most sectors and major bourses posting gains. Analysts say the deal could reshape global trade, representing roughly a quarter of global GDP and a third of worldwide trade.

The EU-India agreement, hailed by Indian Prime Minister Narendra Modi as the “mother of all deals,” will boost the flow of goods between the two economic powerhouses. Europe’s top exports to India include machinery, transport equipment, and chemicals, while India’s main shipments to the EU feature machinery, chemicals, and fuels. Investors are optimistic that the deal will benefit trade-sensitive sectors in the long term.

Not all stocks shared the optimism. Dr Martens’ shares fell sharply by 12% after the iconic British bootmaker posted disappointing quarterly results and predicted flat revenue growth for 2026. Chief Executive Ije Nwokorie emphasized that the company is pivoting its strategy to reduce discounts, grow other product lines, expand into new markets, and simplify operations.

Elsewhere, individual stock moves highlighted mixed sentiment in the European market. Puma surged 8.6% after China’s Anta Sports acquired a 29% stake from France’s Pinault family. Meanwhile, Swedish medical equipment firm Getinge dropped 6.5% due to a slight fall in Q4 order intake. The broader chemicals and autos sectors were slightly weaker, while industrials gained modestly.

Global trade uncertainty also lingered, with former U.S. President Donald Trump threatening higher tariffs on South Korea, affecting autos and pharmaceutical stocks. Investors are now eyeing the start of corporate earnings season, including reports from ASML, Volvo, LVMH, Deutsche Bank, and others, while awaiting the Federal Reserve’s rate decision later this week.

source: cnbc