Commodity stocks lead European shares higher on China COVID relief


Source: brecorder.com brecorder.com

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Comments European shares rose on Tuesday, led by commodity-linked stocks and automakers after China relaxed its COVID-19 quarantine mandate, with investors eyeing the European Central Bank’s (ECB) annual forum for clues on monetary policies. The continent-wide STOXX 600 index was up 0.7%, rising for a third straight session amid easing concerns about aggressive central bank policy moves to tame red-hot inflation. Europe’s oil & gas and mining stocks gained 2.1% and 2.6%, respectively, as commodity prices rallied on hopes of a resurgence in demand from China, the world’s second-biggest economy and top metals consumer. Health authorities said China would halve...