2018.04.1720:50:00UTC+00European Markets Rise, Buoyed by Solid Earnings Reports

European markets advanced on Tuesday, as investors priced in the latest news coming out of the corporate space.

The pan-European STOXX 600 closed the session up 0.8 percent provisionally, with almost all sectors ending in the black. Across the board, major bourses finished higher, with Germany's DAX surging 1.57 percent, while the U.K.'s FTSE 100 bounced 0.39 percent and France's CAC 40 rose 0.76 percent.

Basic resources stocks — with their heavy exposure to China — were among the top performing sectors, soaring 1.3 percent following strong GDP data from Beijing. Polymetal, ArcelorMittal and Anglo American were among those leading the sectoral advances, all adding two percent or more.

Household goods was the only sector to close in negative territory. Drug giant Reckitt Benckiser tumbled towards the bottom of the European benchmark, off 3.2 percent, after Credit Suisse downgraded its rating on the stock to "underperform" from "neutral."

Looking at individual stocks, Associated British Foods soared 4.1 percent after the Primark parent said first-half pretax profit declined, but also backed its full-year guidance.

Genmab jumped to the top of the index after posting higher than expected sales of the drug Darzalex in the first quarter. Shares of Genmab bounced 8.74 percent.

Bayer gained 2.8 percent after news its major shareholder Temasek will raise its stake in the German drug and chemicals maker.

Sweden's Intrum Justitia jumped eight percent after it reportedly filed a binding bid for Intesa Sanpaolo's debt collection unit. The deal could rid the lender of around $13 billion of bad debt. Shares of the Italian lender closed up almost 1 percent.