Mining, journey shares elevate European shares on restoration bets By Reuters


© 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.

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