12:11 PM EDT, 09/30/2025 (MT Newswires) -- The European stock markets closed higher in Tuesday trading as the Stoxx Europe 600 rose 0.47%, Germany's DAX gained 0.57%, the FTSE 100 advanced 0.54%, France's CAC increased 0.19%, and the Swiss Market Index was up 0.86%.

In Germany, annual inflation rose an estimated 0.2% in September from August, the Federal Statistical Office said Tuesday. The reading met analysts' forecasts, according to Bloomberg. Annual inflation rose 2.4%, compared with expectations of 2.3%, Bloomberg reported.

The FSO also said retail sales declined 0.2% in real terms and rose 0.1% in nominal terms in August compared with July, after calendar and seasonally adjusted adjustments. The reading fell well short of analysts' expectations of a 0.6% gain, according to Bloomberg.

In the UK, real gross domestic product grew an estimated 0.3% in Q2, compared with 0.7% growth in the previous quarter. The reading met analysts' forecasts, according to Bloomberg.

And in corporate news, Sanofi said Tuesday it was raided by European Union antitrust regulators over suspected "anticompetitive disparagement," Bloomberg reported, citing a company statement.

"Sanofi confirms that representatives of the European Commission visited the premises of Sanofi in France and Germany on 29 September 2025 in connection with an investigation into conduct in the seasonal flu vaccine space," a spokesperson told MT Newswires via email. "Sanofi is confident that it is compliant with the relevant rules and regulations. Sanofi will not comment further, given the ongoing investigation and will cooperate fully with the European Commission."

Shares of the French pharmaceutical company gained 0.3% in Paris.

Novo Nordisk has offered a number of its employees with changed employment terms and conditions, the company said Tuesday in an emailed statement to MT Newswires. Some employees were given 24 hours to accept changes to the terms of employment or receive a severance package, local unions said, according to an earlier report by Bloomberg.

Unions Pharmadanmark and IDA did not immediately respond to requests for comment from MT Newswires.

Shares of the Danish pharmaceutical company fell 2% in Copenhagen.

BHP's iron ore shipments have been temporarily halted in China after the parties failed to reach an agreement over pricing, Bloomberg News reported Tuesday, citing people familiar with the matter.

China Mineral Resources asked domestic buyers this week to suspend purchases of any dollar-denominated cargoes from BHP, the report said. BHP did not immediately respond to requests for comment from MT Newswires, while China Mineral Resources could not be contacted.

Shares of the mining giant lost 1.4% in London trading.

UBS and Switzerland are privately open to a compromise on new capital rules, potentially clearing a path for lower requirements acceptable to both sides, Reuters reported Tuesday, citing people familiar with the situation. Bern could accept trimming the extra capital burden to about $15 billion from the $24 billion plan from June, a level UBS could tolerate, the news cited the sources as saying.

UBS did not immediately respond to MT Newswires' request for comment.

Shares of the Swiss banking giant edged 0.1% lower in Zurich.