Brussels, European shares hit a more-than-one-month high on Tuesday, as a slew of positive corporate earnings, including from Switzerland’s UBS (UBSG.S) and Italy’s UniCredit (CRDI.MI).

The pan-European STOXX 600 (.STOXX) index rose 0.6% after closing at its highest level in a week on Monday.

UBSG.S shares jumped 6.3% after the lender’s first-quarter net income nearly tripled estimates, while logging its first quarterly profit since taking over Credit Suisse.

The financial services index (.SXFP), opens new tab climbed 1.8%.

CRDI.MI shares, the second-largest Italian bank rose by about 3%.

German semiconductor manufacturer Infineon shares gained 6.5%. In contrast, Danish medical equipment maker Coloplast shares declined 5.1%.

Source: Qatar News Agency