12:00 PM EDT, 08/05/2025 (MT Newswires) -- The European stock markets closed mostly higher in Tuesday trading as the Stoxx Europe 600 rose 0.13%, Germany's DAX gained 0.42%, the FTSE 100 was up 0.11%, the Swiss Market Index increased 0.24%, and France's CAC edged 0.02% lower.

The seasonally-adjusted HCOB Eurozone Composite PMI, which gauges business and manufacturing activity and output, rose slightly to 50.9 in July from 50.6 in June.

"This could turn out to be a good summer for service providers" Hamburg Commercial Bank Chief Economist Cyrus de la Rubia said in a statement. "In Italy and Spain, business activity rose more sharply in July than in the previous month, while Germany, after several challenging months, has clawed its way back into growth territory."

In the UK, the headline S&P Global UK Services PMI Business Activity index declined to 51.8 in July from 52.8 in June, however it remained above the 50.0 no-change value for a third consecutive month.

And in corporate news, BP reported Q2 underlying replacement cost profit Tuesday of $0.90 per diluted American depositary share, down from $1 a year earlier. Sales and other operating revenue for the quarter ended March 31 were $46.63 billion, down from $47.30 billion a year earlier.

Four analysts polled by FactSet expected revenue of $42.27 billion.

Shares of BP closed 2.8% higher in London.

British alcoholic beverage company Diageo reported fiscal 2025 earnings Tuesday of $1.06 per diluted share, down from $1.73 a year earlier. Net sales for the year ended June 30 were $20.25 billion, down from $20.27 billion a year earlier. Analysts surveyed by FactSet expected $20.19 billion.

Shares of Diageo were up nearly 5% in London.

British mining company Fresnillo reported H1 adjusted earnings Tuesday of approximately $0.72 per share, up from $0.04 per share a year earlier. It also reported H1 revenue of $1.94 billion, up 30% compared with the same period last year.

Shares of Fresnillo gained 6% on the FTSE 100.