By Twesha Dikshit (Reuters) -European equities edged higher on Tuesday, lifted by gains in EssilorLuxottica amid a slew of corporate results, even as markets assessed the fallout from the newly inked trade deal between Washington and Brussels.

Similar to Exxon, Chevron (CVX) is another integrated energy giant that stands to profit handsomely from the EU’s $750 billion energy pledge, particularly in oil and LNG exports. Its recent victory over Exxon in a dispute over Hess’s offshore oil assets in Guyana enhances its growth outlook, complementing the trade deal’s opportunities.

The 15% rate is higher than the current 10% tariff rate on European luxury goods. Investors may have wanted better terms for the sector.