European stocks ended Tuesday decidedly higher after extending gains from their best session in four months a day earlier, as a rise in shares of oil and utility companies helped counter losses in miners. The pan-European Stoxx 600 rose 0.8 per cent, with the utility sector rising more than 1.5 per cent. Danish jewellery maker Pandora jumped 7.2 per cent after reporting a 12 per cent rise in organic sales in February. “European market is much less tech-heavy than the S&P 500, much less growth-dominated, so higher bond yields are not such a negative,” said Nick Nelson, head of European equity strategy at UBS. Mining stocks, including Rio Tinto, Anglo American and BHP, were among the biggest laggards, falling between 2.4 per cent and 4.4 per cent.

Source: The Irish Times March 09, 2021 19:17 UTC