European Stocks Rise After Two Declines

European stocks closed higher on Tuesday, following two consecutive declines, supported by a positive performance by major market sectors led by chemicals and financial sectors, as well as good financial results by a number of major listed companies.

The rise of European stock markets also comes amid an overall improvement across markets in investors’ risk appetite.

The STOXX Europe 600 index rose by 0.7%, with the chemicals sector adding 2% and financial services rising by 1.8%.

The German benchmark index DAX finished higher by 1.66%, while the French CAC40 increased by 0.94%.

Meanwhile, the UK’s FTSE100 ended the second session of the week up by 0.23%.