This is CNBC's live blog covering European markets.

LONDON — European markets closed higher on Tuesday as investors assessed economic data and corporate earnings, while gearing up for a big week of central bank meetings.

The pan-European Stoxx 600 index ended 0.47% higher, a sixth straight positive session. Mining stocks jumped 4.46% to lead gains on the back of new Chinese stimulus measures, while travel and leisure stocks fell 0.6%.

The European blue chip index closed Monday's previous session fractionally higher, even as fresh data pointed to a slowdown in business activity in France, Germany and the U.K. in July.

Global investors are navigating a busy week of corporate earnings and central bank meetings. The European Central Bank meets on Thursday, when policymakers are expected to announce a 25-basis-point rate hike and offer guidance for the final stages of their efforts to fight inflation.

Earnings on Tuesday came from big names such as LVMH, Unilever, Deutsche Borse, Randstad and Italgas.

U.S. stocks were little changed in morning trade on Tuesday after the Dow Jones Industrial Average notched its longest winning streak since February 2017, boosted by a stronger-than-expected earnings season.

It's another bumper day for earnings stateside, with Microsoft, Google parent Alphabet, Spotify and General Motors all reporting.

The U.S. Federal Reserve will also announce its latest monetary policy decision on Wednesday, with the market pricing in another 25 basis point hike to interest rates as the central bank nears the peak of its tightening cycle.

Shares in Asia-Pacific were higher in overnight trade, with Hong Kong's Hang Seng index bouncing more than 4% after China's Politburo pledged to "adjust and optimize policies in a timely manner" for its ailing property sector.

Mining stocks lead gains after China pledges economic boost

European mining stocks were 4.7% higher at 4 p.m. London time on Tuesday after the Chinese government said it would ramp up measures to boost the domestic economy.

Antofagasta was up 6.5%, hitting its highest level since early March, as Anglo American and Rio Tinto climbed 5.3% and 4.7%, respectively.

China has not seen the widely predicted rebound following its reopening from strict Covid-19 lockdown measures.

— Jenni Reid

Dow opens lower Tuesday

The Dow Jones Industrial Average declined Tuesday after an 11-day advance.

The Dow traded 24 points lower, or 0.1%. The S&P 500 was marginally lower, while the Nasdaq Composite advanced 0.3%.

— Sarah Min

Afternoon biggest movers: Logitech up 8%, MTU Aero Engines

Shares of U.S.-Swiss computer peripherals manufacturer Logitech International jumped 8% by mid-afternoon on Tuesday after beating quarterly earnings expectations.

At the bottom of the Stoxx 600, Germany's MTU Aero Engines fell more than 7%.

— Elliot Smith

Adidas up 6% after trimming 2023 loss forecast on strong Yeezy inventory sales

German sportswear giant Adidas on Monday said it expects a significantly smaller operating loss for the year after recording better-than-expected early sales of its Yeezy stock, which it is offloading after cutting ties with collection creator Ye.

Shares of Adidas were 6.3% higher at 11:55 a.m. BST Tuesday after the company said its potential write-off from remaining inventory was now €400 million ($442.5 million), down from €500 million, as it trimmed its operating loss forecast for 2023 to €450 million from €700 million.

Read the full story here.

— Jenni Reid

Germany to invest 20 billion euros in semiconductor industry

Germany has earmarked around 20 billion euros ($22.15 billion) to boost its semiconductor industry over the next few years as Europe's largest economy looks to dilute its supply chain's dependence on South Korea and Taiwan.

Germany has been attracting global companies, including U.S. giant Intel, to establish factories through subsidies available under the EU Chips Act, which seeks to double the EU's share of global chip manufacturing by 2030.

The economy ministry also said Tuesday that it was in contact with Taiwan's TSMC over a possible investment.

— Elliot Smith

UK consumer confidence hits 18-month high

U.K. consumer confidence hit an 18-month high earlier this month, according to the latest PwC Consumer Sentiment Survey.

The sentiment reading came in at -13, a marked improvement from the -44 seen last September and -25 this spring, as the mood seemingly improved across the board to draw close to the long-term average seen by PwC since 2008.

"It is encouraging to see the growth in sentiment across all ages and demographics," said Lisa Hooker, leader of industry for consumer markets at PwC.

"Whilst inflation remains the biggest factor affecting finances, we're also seeing fewer people cutting back and spending intentions have consistently improved over the past 12 months," Hooker added.

"Retailers need to capitalise on the desire to trade down in the same store rather than trade out and spend on selective treats. But also on those consumers with money left at the end of the month."

— Elliot Smith

German business sentiment deteriorates further in July

German companies became even more pessimistic in July, according to the results of the Ifo Institute's business climate survey on Tuesday.

The Ifo Business Climate Index fell to 87.3 points in July from 88.6 points in June, a third consecutive monthly decline, as companies were shown to be less satisfied with their current business and future expectations across the board.

— Elliot Smith

Hong Kong markets climb 4% as real estate stocks rebound

Hong Kong's Hang Seng index surged more than 4% on Tuesday, led by real estate stocks rebounding after China vowed more support for its beleaguered property sector.

Real estate developer Longfor Group jumped almost 20% and was the biggest gainer on the index, while property management firm Country Garden Services Holdings surged 17.54%.

Hong Kong tech names were also part of the top gainers on the index, with the Hang Seng Tech index climbing 4.57% and led by electric vehicle makers. Chinese EV maker Xpeng saw a 12.75% gain, while Nio climbed 9.79%.

— Lim Hui Jie

Stocks on the move: Unilever up 5%, Dassault Systemes down 5%

Earnings were the main driver of individual share price action in Europe on Tuesday.

Unilever shares climbed 5% in early trade to lead the Stoxx 600 after the British consumer goods company beat analyst expectations to report a 7.9% rise in underlying second-quarter sales.

At the bottom of the European blue chip index, Dassault Systemes fell 5% after its second-quarter earnings report, in which the French software company reported a slowdown in growth in its 3D and cloud businesses.

— Elliot Smith

A tepid open for European stocks

The pan-European Stoxx 600 index hovered around the flatline in early trade, with mining stocks jumping 2.8% while healthcare stocks fell 0.8%.

Here are the opening calls in Europe

Britain's FTSE 100 is seen around 5 points lower at 7,674, Germany's DAX is expected to slip by around 25 points to 16,166 and France's CAC 40 is set to open around 4 points lower at 7,422, according to IG data.

— Elliot Smith

'Good value, low risk, high quality': BofA names top European stocks to beat a recession

Bank of America has named multiple European "top stocks" it says are of "good value, low risk" and "high quality."

All of them turned up on "recession screens" for July, in a market BofA described as a being in a recession style cycle. A style cycle refers to the relationship between economic cycles and investment styles, the bank said in a research note dated July 19.

CNBC Pro subscribers can read more here.

— Lucy Handley

CNBC Pro: Here are the only 4 global stocks to raised dividends by more than 10% for the past 15 years

Dividend growth is often a key factor for investors seeking stable returns, and four global companies are notable for their consistent — and significant — payout increases.

One of the stocks, a multinational food and beverage company, has consistently raised dividends by more than 10% since 1993. Another has seen its share price rise by more than 4,000% in price returns, in addition to its consistent dividend payments.

CNBC Pro subscribers can read more here.

— Ganesh Rao

CNBC Pro: Stocks, bonds, commodities or cash? Citi and others reveal how to allocate right now

As the S&P 500's year-to-date rally nears 20%, some investors have questioned whether stocks could be nearing a tipping point.

Other potential risks on the horizon include the yield curve inversion — believed by many to be a signal of recession — this week's U.S. Federal Reserve rate decision, and inflation numbers due next month.

So how should investors allocate their portfolios in this environment? Here's what Citi, TS Lombard and the Wells Fargo Investment Institute advise.

CNBC Pro subscribers can read more here.

— Weizhen Tan