Europe markets close higher; ECB’s Lagarde says euro zone disinflation ‘nearing completion’

European markets climbed into the green on Tuesday, shaking off earlier losses as European Central Bank President Christine Lagarde told CNBC the disinflation process in the euro area was “nearing completion.”

The pan-European Stoxx 600 index ended the session up 0.25%, with major regional bourses notching gains. The construction sector closed around 0.7% lower, as household goods rose 1.7%.

The U.K.’s FTSE 100 closed 0.64% higher in its seventh straight positive session — cementing its best run since April 2023.

Global sentiment was buoyed on hopes of an eventual breakthrough in the trade standoff between the U.S. and China, sending U.S. stocks sharply higher.