European stocks close higher as Germany’s DAX extends record high

European markets closed higher Wednesday, rebounding from mixed trade seen earlier in the week.

The regional Stoxx 600 index rose 0.6% by the close, with mining stocks seeing a sharp turnaround to climb 1.6%. Autos also jumped 2.2% while oil and gas stocks dipped 0.9%. Germany’s blue chip DAX index nudged slightly higher, extending the record level it closed at Tuesday.

Positive momentum was seen elsewhere overnight. Asia-Pacific markets rebounded across the region, following a broad sell-off on Tuesday. Meanwhile, U.S. stocks turned positive in morning trade Wednesday after the S&P 500 and the Dow Jones Industrial Average slid for a second day Tuesday.

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