European stocks opened higher on Tuesday, with the Euro Stoxx 600 recovering after two sessions of losses to bounce back from its lowest levels in 10 days, as shares in the automotive and mining sectors led the gains, benefiting from a decline in government bond yields in Europe.
At the start of today's session, the performance of major European stock indices was as follows:
The general European stock index Euro Stoxx 600 EURO STOXX rose by 0.50% to record 511.19 points. The French CAC 40 CAC index climbed by approximately 0.99% to record 7,475.53 points. The German DAX DAX index increased by 0.61% to 20,257.65 points. The British FTSE 100 FTSE index stabilized at 8,223.69 points. The Italian FTSE MIB FTSE MIB index rose by 0.66% to record 35,030.94 points. The Spanish IBEX 35 IBEX index increased by approximately 0.76% to 11,777.10 points. In terms of trading, shares in the automotive and parts sector led the gains, rising by 1.5%, while the basic resources index increased by 1.1%.
Conversely, shares of British Petroleum BP fell by 2.5% after the British energy giant reported that declining refining margins are expected to hurt BP's profits in the fourth quarter of 2024, with losses estimated between $100 million and $300 million.
