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European Shares Rise After Heavy Selling in The Previous Session

Adel 21 December, 2021 1:19 pm Global Stock Market, Market Update

European stock prices rose on Tuesday after a massive sell-off in the previous session, with a jump in shares of commodity-related companies offsetting concerns about the spread of the coronavirus mutated omicron.

The pan-European STOXX 600 index rose 0.9 percent by 0821 GMT, with mining and oil stocks leading the gains on the back of higher copper and oil prices with a slight improvement in risk appetite.

And Adidas sportswear rose 1.2 percent and Puma sportswear 1 percent.

Sanofi shares fell 0.1 percent after announcing its intention to buy Amionex Pharmaceuticals for about one billion dollars.

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