European shares continue to recover

European shares continued their recovery on Tuesday, boosted by gains in chemical, mining and oil stocks, with buyers emerging after heavy selling last week on recession fears.

The pan-European Stoxx 600 index rose 0.8%, gaining for the third consecutive session, after hitting its lowest level in more than a year last week.

The mining sub-index rose 1.6% after falling to its lowest level since December 2021 in the previous session. The oil and gas sub-index rose 1.2%, with crude oil prices rising by about 1%.

French aircraft maker Airbus rose 2% after British airline EasyJet said it would buy 56 Airbus A320s.

British supermarket chain Ocado fell 4.5% after the company said it would boost its cash by more than $1 billion to support its growth.