2017.04.2506:53:00UTC+00European Markets Mixed as Traders Await Trump Tax Reform Plan

European stocks were mixed as investors await a tax reform plan from US President Donald Trump that is set to be revealed tomorrow while also pricing in the financial market's reaction to the first round in the French presidential election.

The Stoxx Europe 600 Index was up less than a tenth of a percent after ending at its highest since August 2015 the previous day. France's CAC 40 index, which advanced to a nine-year peak in Monday, was marginally in the red. Germany's DAX was slightly lower after touching a record peak the previous day. London's FTSE 100 rose 0.2 percent.

The personal and household goods sector was the top advancer, led by a 12 percent surge in Christian Dior SE after LVMH CEO Bernard Arnault and his family offered to buy 26 percent of the company that they don't already own for almost 12.1 billion euros ($13.2 billion). Shares of LVMH led gains in Paris by jumping almost seven percent.

Among shares active on corporate news, Volvo AB climbed almost 7.6 percent after its first-quarter earnings soared 58 percent.

Restaurant and pub owner Whitbread and floor-covering retailer Carpetright, were the top blue-chip and small-cap decliners in the FTSE 100. Their results were hit by soft sales growth, which contributed to signs of weakening UK consumer confidence.

Britain's largest floor covering retailer Carpetright dropped 7.3 percent after citing tougher trading conditions and lower end market expectations for its full year profit. Whitbread tumbled 7.4 percent after signalling rougher times ahead and expectations of lower consumer confidence in 2017.

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