Drug Makers, Oil Firms Lift Europe Stocks

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