(Reuters) – European shares rebounded on Tuesday after a bruising sell-off in the previous session, with a jump in commodity stocks offsetting concerns about the Omicron coronavirus variant.
The pan-European STOXX 600 added 0.9% as of 0821 GMT, with miners and oil stocks leading gains on the back of higher copper and crude prices amid a slight upturn in risk appetite. [O/R] [MET/L]
Semiconductor and chip stocks ASML Holding, ASM International, Infineon Tech and STMicroelectronics rose around 2% each after U.S. chipmaker Micron Technology beat market expectations in its trading update.
Sporting goods makers Adidas and Puma added 1.2% and 1.0% following Nike’s quarterly beat.
Sanofi slipped 0.1% after announcing it will buy Amunix Pharmaceuticals for about $1 billion.
(Reporting by Anisha Sircar in Bengaluru; Editing by Shounak Dasgupta)
