European stocks
finished sharply higher on Tuesday, aided by a climb in energy and
defense shares as the region’s benchmark marked its biggest rise in
about six weeks.
The Stoxx Europe 600
jumped 2.9% to close at 379.88, with all sectors advancing. The index
was led by a 3.4% rise for the oil-and-gas group resulting in the
pan-European benchmark’s best daily gain since a 3% jump on Oct. 5,
FactSet data showed.
Energy stocks pushed
higher following Monday’s 2.5% rally in oil prices in part on news that
output from the Organization of the Petroleum Exporting Countries fell
for a third consecutive month.
Source: MarketWatch
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