12:20 PM EDT, 05/20/2025 (MT Newswires) -- The European stock markets closed higher in Tuesday trading as the Stoxx Europe 600 rose 0.71%, Germany's DAX gained 0.34%, the FTSE 100 was up 0.94%, France's CAC 40 increased 0.75%, and the Swiss Market Index advanced 0.41%.

In Germany, producer prices for industrial products declined 0.9% in April compared with a year earlier, according to the Federal Statistical Office. Compared with the previous month, producer prices were down 0.6%.

And in corporate news, Swiss banking giant UBS Group is expected to lose its initial bid to ease a Swiss proposal requiring higher capital reserves for foreign subsidiaries, Bloomberg reported Tuesday. A draft law due on June 6 would require UBS to fully back losses at its overseas units, increasing coverage from 60% to 100%, the report said. UBS declined MT Newswires' request for comment, while the Swiss government did not immediately respond.

Vodafone Group reported fiscal Q4 revenue Tuesday of 9.36 billion euros ($10.53 billion), down from 9.39 billion euros a year earlier. The British telecommunications operator said it expects fiscal 2026 adjusted earnings before interest, tax, depreciation and amortization after leases of 11 billion euros to 11.30 billion euros.

Shares of Vodafone gained 7.4% on the FTSE 100.

Royal Philips said Tuesday that it has launched its Radiation Dose and Image Quality Tria trial. The multicenter, randomized study will enroll 824 coronary artery disease patients in six hospitals in Spain, Czech Republic and the US, the company said.

The trial is evaluating radiation exposure, image quality, and procedural performance between Philips' ultra-low dose technology and existing ClarityIQ technology.

Shares of Royal Philips edged 0.1% lower in Amsterdam trading.

German biotech firm BioNTech said Tuesday it will invest up to 1 billion British pounds ($1.33 billion) over 10 years to expand its research operations in the UK, supported by a government grant of up to 129 million pounds.

Shares of BionTech increased 3.6% in Frankfurt.

And shares of British technical products supplier Diploma surged 15% in London after it reported strong H1 results and raised its full-year guidance, now expecting organic revenue growth of 8%, up from 6%, and an operating margin of around 22%, up from about 21%.