European stocks rose on Tuesday, with hopes for more policy support from top consumer China and Fed pause hopes helping underpin investor sentiment.<\/p>\n
Euro zone bond yields slipped ahead of data on U.S. job openings that might provide additional clues on the Federal Reserve’s rate trajectory.<\/p>\n
Investors also await Chinese PMI data and readings on U.S. inflation, GDP and nonfarm payrolls this week for further clarity on the global economic outlook. <\/p>\n
Meanwhile, consumer sentiment in Germany is set to erode in September as both income and economic expectations of households weakened, survey results from the market research firm GfK showed earlier today.<\/p>\n
The forward-looking consumer confidence index fell to -25.5 for September from a revised -24.6 in August. Economists had forecast a reading of -24.3.<\/p>\n
Elsewhere, sentiment among the French consumers was unchanged for the second month in a row in August as their expectations regarding the future financial situation and standard of living weakened, and unemployment fears increased, survey results from the statistical office INSEE showed.<\/p>\n
The consumer confidence index held steady at 85, where it has been since June. The outcome was in line with economists’ expectations.<\/p>\n
The score remained well below its long-term average of 100 logged between January 1987 and December 2022.<\/p>\n
The pan European STOXX 600 rose half a percent to 457.76 after climbing 0.9 percent on Monday. The German DAX edged up 0.3 percent and France’s CAC 40 added 0.2 percent. <\/p>\n
The U.K.’s FTSE 100 was up 1.4 percent as traders returned to their desks after the Late Summer Bank Holiday.<\/p>\n
Higher copper prices and a weaker dollar boosted mining stocks, with Antofagasta, Anglo American and Glencore all rising around 2 percent.<\/p>\n
Oil & gas giant BP Plc jumped 2.6 percent and Shell added 1.4 percent as oil prices held steady despite growing concerns over fuel demand.<\/p>\n