11:59 AM EDT, 06/03/2025 (MT Newswires) -- The European stock markets closed higher in Tuesday trading as The Stoxx Europe 600 gained 0.09%, Germany's DAX was up 0.64%, the FTSE 100 increased 0.13%, France's CAC 40 advanced 0.34%, and the Swiss Market Index rose 0.34%.

Euro area annual inflation is estimated to be 1.9% in May, down from 2.2% in April, according to a flash estimate from Eurostat, the statistical office of the EU. Analysts expected annual inflation of 2.0%, according to Bloomberg. The highest rates of inflation were in Estonia and Slovakia at an estimated 4.6% and 4.3% respectively, while the lowest rates were in Cyprus and France at an estimated 0.4% and 0.6% respectively.

Eurostat also reported that the euro area seasonally-adjusted unemployment rate was 6.2% in April, down from 6.3% in March and 6.4% a year earlier. Meanwhile, the unemployment rate in the EU was 5.9% in April, flat versus the previous month and down from 6.0% a year earlier.

In Switzerland, the consumer price index rose 0.1% in May to 107.6 points, compared with the prior month, according to the Swiss Federal Statistical Office. The reading met analyst forecasts, according to Bloomberg.

And in corporate news, British telecommunications operator Vodafone has received two fines totaling 45 million euros ($51.3 million) by Germany's Federal Institute for Digital Infrastructure over "malicious behavior" by partners accused of fraud, the agency said Tuesday.

Shares of Vodafone were down 0.5% on the FTSE 100.

French energy company TotalEnergies said Tuesday that it has acquired eight solar projects and two battery storage projects in England from renewable energy firm Low Carbon. Financial terms were not disclosed.

Shares of TotalEnergies were up 0.7% on the Parisian bourse.

Nokia said Tuesday that the city of Elberton, Georgia, has selected the Finnish telecommunications company, along with its partner ZCorum, to replace the city's cable broadband infrastructure with a 25G passive optical network-ready fiber network.

Shares of Nokia were up 0.8% on the Helsinki exchange.