European shares rise on earnings boost

European shares rose on Tuesday, boosted by auto and utility stocks as investors parsed a slew of results from major companies such as Deutsche Bank and Roche.

The pan-European STOXX 600 index was up 0.1% by 0712 GMT. The banking sub-index gave up some gains, with Deutsche Bank down 2.7%, according to Reuters.

Alongside the earnings season, which investors see as a bellwether for the health of the European economy, all eyes are on the US election race and the path of interest rate cuts at major central banks.