Stability of European stocks after mixed results for the companies’ business

European stocks settled near their highest levels in five weeks today, Tuesday, and shares of mining and luxury goods companies led the gainers, after China pledged more support for its slowing economy, but the mixed results of the companies’ business limited the gains.

The European Stoxx 600 index was little changed after the rise of Asian markets, thanks to indications of more stimulus measures that will focus on supporting domestic demand in China.

The mining sector index jumped 2.3 percent, leading the gainers in Europe, as metal prices rose on hopes of improving demand from China.

Shares of luxury goods companies such as LVMH and Richemont rose more than 1% each.

Unilever shares jumped 5.1% after the consumer goods giant reported more-than-expected quarterly sales growth as it raised prices again to offset higher costs.

But Bayer shares fell 2.6% after the German drugmaker cut its full-year profit estimate and announced a 2.5 billion euro ($2.8 billion) writedown of assets.