European stocks traded higher on Tuesday, with the STOXX 50 rising 0.6% and the STOXX 600 gaining 0.9%, led by technology shares amid renewed optimism surrounding AI following the recent sell-off and improving demand expectations. ASML Holding advanced 3.2%, Infineon Technologies gained 2.4%, and STMicroelectronics rose 2.7%. Other notable gainers included Siemens (+2.4%), ABB (+1.9%), and Schneider Electric (+2.6%). Siemens Energy surged nearly 5% after reiterating strong demand trends during its pre-close quarterly earnings call on Monday. In contrast, Kering (-2.6%) and Logitech (-4%9 were among the worst performers. Considering the June month, the STOXX 50 is up around 3% and has surged approximately 12% over the quarter. The STOXX 600 has advanced 1.6% in June and is up about 9% for the quarter, marking its strongest quarterly performance since October 2020, as oil prices moved back to pre-war levels and tensions in the Middle East eased.