European stocks followed Asia higher on Tuesday, as recent efforts by Beijing to prop up markets bolstered China-linked sectors, while investors prepared for US labour market data due later in the day.
Europe’s region-wide Stoxx Europe 600 index rose 0.6 per cent, following gains in the previous session, while France’s Cac 40 was up 0.2 per cent and Germany’s Dax added 0.3 per cent. London’s FTSE 100 advanced 1.3 per cent as markets reopened after a bank holiday.
Basic materials stocks led gains, with the Stoxx Europe 600 Basic Resources index up 1.6 per cent, as traders hoped that fresh economic support measures announced in China over the weekend would bolster demand in the world’s second-largest economy.
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