11:47 AM EDT, 05/19/2026 (MT Newswires) -- The European stock markets were tracking higher in Tuesday trading after President Trump called off military strikes against Iran that had been planned for Wednesday.

The Stoxx Europe was increasing 0.3%, Germany's DAX was rising 0.5%, the FTSE 100 was up 0.1%, France's CAC was edging 0.1% higher, and the Swiss Market Index was advancing 1.1%.

And in corporate news, Stellantis said Tuesday it is planning to launch a project to develop small, affordable electric vehicles with manufacturing scheduled to begin in 2028 at the Pomigliano d'Arco facility in Italy.

The models are designed for city-centric driving and will be produced specifically for the European market in collaboration with partners to develop the battery technologies to lower costs and accelerate the release timeline, the company said.

Shares of the automaker were moving 0.2% lower in Paris.

Lloyds Banking is preparing to expand its US infrastructure financing business, including lending tied to the fast-growing data center sector, the Financial Times reported Tuesday, citing people familiar with the matter.

The UK lender is aiming to build a US infrastructure bank focused on large construction projects and sectors such as green energy, while supporting UK corporate clients with US operations, the report said.

Shares of Lloyds were up 1% in London.

ASML plans to begin receiving chip equipment made by its newest machines within months, Reuters quoted Chief Executive Christophe Fouquet as saying Tuesday.

The tool will reduce costs for patterning or creating circuitry for advanced chips, Fouquet was quoted as saying at a conference in Belgium, the report said.

ASML did not immediately reply to MT Newswires' request for comment.

Shares of the Dutch semiconductor company were off 1.1% in Amsterdam.

BP maintained the lockout at its Whiting refinery in Indiana after failing to reach a deal with the United Steelworkers, or USW, Local 7-1, the company said Monday.

The parties held a meeting Monday and BP said "the union chose to leave the bargaining table without meaningfully engaging on the issues." The union requested to lift the lockout but "rejected and refused to negotiate" the company's last contract offer, according to the statement.

Shares of the oil and gas giant were up 0.2% in London.

ArcelorMittal priced the sale of about 23.9 million shares in Vallourec for gross proceeds of about $667 million, the company said Tuesday. The shares were sold at 24 euros ($27.92) per share through an accelerated bookbuilding process to institutional investors, ArcelorMittal said.

ArcelorMittal will retain a 17.3% stake in Vallourec after the transaction's settlement on or around Thursday.

Shares of the steel and mining company were falling 2.6% in Paris.