European stocks rally for fifth day as defensives, miners climb

Published by
Reuters UK

By Sruthi Shankar and Anisha Sircar (Reuters) -European shares extended gains for a fifth straight session on Tuesday, buoyed by defensive sectors and miners, although concerns over a potential recession limited further upside. The continent-wide STOXX 600 index inched up 0.2%, hitting a fresh 10-week high after recouping much of its June losses this week. Miners jumped 3.2% to lead gains, lifted by a 5.5% surge in London-listed global miner BHP Group after stellar results. Telecoms and utilities – sectors seen as safer bets during economic uncertainty – also advanced. “A lot of this (rally) i…

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