Banks and miners lift EU stocks

Banks and miners lift EU stocks

On Tuesday, European stocks demonstrated moderate revenues for a second session because strength among miners and banks suddenly offered a helping hand.

The STOXX 600 managed to gain 0.3%, which is in line with euro zone stocks as well as blue chips.

Basic resources stocks underpinned the index, gaining 1%, with Anglo American becoming the top notch FTSE gainer.

Marks & Spencer posted a soar in full-price sales, while its stocks dived 0.6%, on the back of dipping food sales. Counterparts Tesco along with Morrisons jumped more than 1%.

Construction equipment company Travis Perkins derived certain benefits from an upbeat update from peer Galliford Try, which reported full-year revenue at the top end of guidance.

Aside from that, broker notes also bolstered some moves, with top gainers represented by semiconductor producers STMicro and AMS after JP Morgan updated the Italian semiconductor producer to 'overweight'.

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