12:03 PM EDT, 09/24/2024 (MT Newswires) -- The European stock markets closed higher in Tuesday trading as the Stoxx Europe 600 rose 0.58%, the Swiss Market Index climbed 0.70%, France's CAC increased 1.28%, the FTSE in London gained 0.28%, and Germany's DAX advanced 0.75%.

The business outlook in Germany declined for the fourth straight month, according to the ifo Business Climate Index, which fell to 85.4 points in September, from 86.6 points in August. According to the survey, German companies that were polled said they were less satisfied with the current business situation, adding that "the German economy is coming under ever-increasing pressure."

In the UK, the median household disposable income declined 2.5% to 34,500 British pounds ($46,100) in 2023 from the previous year, according to the Office for National Statistics' Household Finances Survey.

And in corporate news, mining stocks and luxury goods stocks surged higher in Tuesday trading after China's central bank cut interest rates and unveiled a stimulus package, media outlets reported.

Mining companies Antofagasta and Anglo America climbed 6.6% and 6.3% in London respectively, followed by Rio Tinto and Glencore, which were up 4.6% and 3.9% respectively, while ArcelorMittal closed 5% higher in Paris.

UK financial services company HSBC was among several financial organizations that unwittingly enabled private military company Wagner's mining operations in Africa, US think tank C4ADS alleged in a report Tuesday.

HSBC is "deeply committed to combatting financial crime and to the integrity of the global financial system," the financial services company said in an emailed statement. "We have invested significantly in building and maintaining an effective control framework to detect and mitigate this risk."

And British pharmaceutical company GSK said Tuesday the European Medicine Agency's Committee for Medicinal Products for Human Use recommended approval for use of a single-vial, fully liquid presentation of the Menveo vaccine against invasive meningococcal disease.