European Shares Rise on Travel Rebound

European shares rose today as a rebound in travel stocks and gains in Wall Street overnight helped ease concerns about a slowing Chinese economy that has dragged miners down.

The pan-European Stoxx 600 index rose 0.6 percent after closing at a six-week low in the previous session. Travel and leisure companies rose 1.5 percent, while auto stocks rose 1.2 percent.

Mining companies including Rio Tinto, Anglo American and BHP Group were among the biggest losers, with metal prices falling after China confirmed its intention to use more of its mineral reserves.

Utilities rose 0.2 percent, still under pressure amid concerns about measures to lower energy prices in Spain and elsewhere.