© Reuters. FILE PHOTO: The DAX graphic of the German share index is shown on the Frankfurt Stock Exchange
(Reuters) – Economically sensitive sectors such as miners, travel and energy saw European stocks rise Tuesday, with UK stocks outperforming after a long weekend.
The pan-European index rose 0.4% in early trading, the German 0.2% and the British 0.8%.
The 1.3% increase in the travel and leisure sector was the largest in Europe and benefited from the anticipated UK announcement of a green list of countries to travel to on vacation.
Miners and the oil & gas sector also rose more than 1% as investors look to a strong global recovery from massive vaccination programs in developed countries and unprecedented incentives.
Tech stocks struggled after their Wall Street counterparts came under pressure on Monday.
Dassault Aviation rose 5.2% after the Egyptian Ministry of Defense signed a deal with France to purchase 30 Rafale fighter jets.
Disclaimer: Fusion Media would like to remind you that the information contained on this website is not necessarily real-time or accurate. All CFDs (stocks, indices, futures) and forex prices are not provided by exchanges, but by market makers. Therefore, prices may not be accurate and may differ from the actual market price. This means that the prices are indicative and not suitable for trading purposes. Therefore, Fusion Media is not responsible for any trading losses you may incur as a result of using this information.
Fusion Media or any person involved with Fusion Media assumes no liability for any loss or damage caused by reliance on the information contained on this website, such as data, offers, charts and buy / sell signals. Please inform yourself comprehensively about the risks and costs associated with trading in the financial markets. This is one of the riskiest forms of investment possible.