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Mining, travel stocks lift European shares on recovery bets

Published 05/04/2021, 03:33 PM
Updated 05/04/2021, 03:40 PM
© Reuters.
UK100
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DE40
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AM
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STOXX
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SX8P
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SXEP
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(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
May 4 (Reuters) - Economically sensitive sectors, including
miners, travel and energy, drove gains in European stocks on
Tuesday, with British shares outperforming after a
holiday-extended weekend.
The pan-European STOXX 600 index .STOXX rose 0.4% in early
trading, with the German DAX .GDAXI up 0.2% and UK's FTSE 100
.FTSE rising 0.8%.
Travel and leisure sector's .SXTP 1.3% gain was the most
in Europe, benefiting from Britain's expected announcement of a
green list for countries that people can travel to on holidays.
Miners .SXPP and oil and gas .SXEP sectors also rose
more than 1% as investors bet on a strong global rebound on the
back of massive vaccination programmes in developed countries
and unprecedented stimulus.
Tech stocks .SX8P struggled after their Wall Street peers
came under pressure on Monday.
Dassault Aviation AVMD.PA jumped 5.2% after Egypt's
defence ministry said it had signed a contract with France to
buy 30 Rafale fighter jets.

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