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European markets higher on rebounded Chinese manufacturing data r

by Amwal Al Ghad English
European stock markets

European markets climbed on Tuesday, following a positive lead set in Asia after Chinese manufacturing data rebounded in March.

The pan-European Stoxx 600 climbed 1.7 percent in early trade, with travel and leisure stocks jumping 4.7 percent to lead gains as all sectors and major bourses entered positive territory.

In terms of individual stocks, British business consultancy Melrose climbed 16% after scrapping its dividend, while German meal kit delivery firm Hellofresh continued to benefit from lockdown measures, climbing 15.7%. There were no major losers in early deals, with Norwegian conglomerate Orkla shedding 3.7% to slide to the bottom of the Stoxx 600.

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