European Shares Climb, Oil And Retail Soar

European stocks rose today, Tuesday, supported by the rise in shares of oil companies and retail, while investors ignored new general isolation measures in Britain to contain a rise in infections with the Coronavirus.

The pan-European STOXX 600 index rose 0.1% after opening slightly lower following losses in Asia and Wall Street due to concerns about re-election for the Senate in the US state of Georgia.

The British Financial Times 100 index rose 0.6%, while international oil companies Royal Dutch Shell and BP provided the largest support to the index.

The German DAX index has stabilized while the government is considering extending public isolation measures.

German chipmaker Dialog, a German chipmaker, gained 4.7% after it issued an optimistic fourth-quarter revenue forecast due to strong demand for phones and tablets that work with the fifth-generation mobile network.