European Shares Edge Higher as SAP and Logitech Earnings Boost Technology Stocks

European shares inched up on Tuesday, driven by strong earnings from SAP and Logitech, both of which helped offset declines in mining stocks. The STOXX 600 index rose by 0.1%, while SAP's performance boosted the DAX index by 0.6%. Corporate earnings are expected to influence markets in the coming weeks.

European shares moved slightly higher on Tuesday, helped by robust earnings in technology stocks from companies like SAP and Logitech, offsetting losses among miners.

The pan-European STOXX 600 index increased by 0.1% as of 0842 GMT, following a significant gain on Monday. SAP's shares surged 6.4% after the company reported a 25% increase in its cloud business, beating second-quarter revenue estimates.

The German DAX index gained 0.6%, with SAP leading the charge. Logitech's shares also climbed 2.7% after raising its full-year sales and profit forecasts. The technology sub-index saw a boost of 1.2% as investors shifted focus to the earnings season while keeping an eye on political developments in the U.S.