European stocks shoot higher as Oil rebounds

By FXStreet Risk-on sentiment picked-up pace in the European session this Tuesday as the oil prices staged a rebound and boosted the resource and energy stocks on the region’s indices.

Moreover, markets cheered upbeat German datasets, however, the gains remain limited on the back of disappointing earnings reports across the Euro are economies. Further, the European stocks tracked their Asian counterparts higher, with most Asian markets closing higher on Tuesday, while only Chinese equities showed mild losses. Japanese markets ended over 2% higher on the back of a weakening yen.

Germany’s DAX 30 index jumps +1.04% to trade at 10,090, while the UK’s FTSE 100 index rises +0.89% to 6,168. Among the other indices, the French CAC 40 index advances +1.06% to 4,367, while the pan-European benchmark, the Euro Stoxx 50 index rallies +1.53% to 3,000 mark.
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Source:: FX Street