News Snapshot:
By Devik Jain and Susan Mathew (Reuters) -European shares rose on Tuesday as risk appetite improved after China eased its COVID-19 quarantine mandate, while rising oil prices provided an additional boost to energy stocks. The continent-wide STOXX 600 index was up 0.3%, rising for a third straight session. The benchmark index’s gains were tempered following a drop in June U.S. consumer confidence that pushed Wall Street lower. [.N] Europe’s oil & gas sector gained 2% as major producers Saudi Arabia and the United Arab Emirates looked unlikely to be able to boost output significantly. [O/R] London’s FTSE 100 index, which...
