European shares hit two-year highs on Wall Street gains

European shares edged higher on Tuesday, hitting fresh two-year highs, driven by overnight gains on Wall Street, strong corporate updates and investor assessment of interest rate cut expectations in a busy week for markets.

The pan-European STOXX 600 index (.STOXX), opens new tab was up 0.3%, as of 0920 GMT, rising for the fifth straight session.

Finnish retailer Kesko(KESKOB.HE), opens new tab surged 9.6% to lead the benchmark index after beating fourth-quarter profit estimates, while Danish medical equipment maker Ambu(AMBUb.CO), opens new tab advanced 5.6% following better-than-expected first-quarter earnings.

Fidelity European Trust PLC (LON:FEV) aims to be the cornerstone long-term investment of choice for those seeking European exposure across market cycles.

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