Europe Stocks Inch Higher As Oil Firms Rise

European stock markets inched higher in early trade on Tuesday, recouping from losses the prior day, as oil firms and consumer goods companies were on the rise.

The Stoxx Europe 600 index picked up 0.1% to 274.96. BP PLC helped lift the index and gained 0.3% as oil prices moved higher, while BG Group PLC added 0.5%.

The U.K.’s FTSE 100 index ticked up 0.1% to 5,842.28. Drinks maker Diageo PLC rose 0.7%, after it confirmed it’s in talks to buy a stake in United Spirits Limited. In France, Credit Agricole SA slipped 1% after Goldman Sachs cut the stock to neutral from buy. The CAC 40 index dropped 0.4% to 3,484.51.

Among German stocks, Daimler AG lost 1.7% and BMW AG fell 1.4%. The DAX 30 index traded 0.2% lower at 7,396.09.

Marketwatch