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European stock markets opened cautiously higher on Tuesday, tracking gains in Asian, where stimulus moves by the People’s Bank of China boosted bourses.
The Stoxx Europe 600 index rose 0.2% to 272.01, recouping from a 1% drop the prior day. Drug makers helped lift the index, with Sanofi SA up 0.7% and Roche Holding AG 0.6% higher. Oil firms also posted gains alongside rising oil prices.
BP PLC rose 0.7% and BG Group PLC added 0.4%. The U.K.’s FTSE 100 index traded 0.1% higher at 5,845.70. In France, Total SA gained 0.6% and Vinci SA put on 1.6% after a broker upgrade. The CAC 40 index advanced 0.3% to 3,415.66.
Germany’s DAX 30 index was up 0.1% at 7,295.65, with BMW AG 0.8% higher after an upbeat sales report for September.
Marketwatch
