European stocks close higher despite Covid, inflation jitters; Hellofresh up 9%
European stocks closed higher on Tuesday, as traders shrugged off fears over the delta variant of Covid and rising inflation.
The pan-European Stoxx 600 provisionally ended up by 0.4%, with travel and leisure stocks adding 2% to lead gains as almost all sectors and major bourses entered positive territory.
The cautious optimism in Europe reflects similar sentiment in Asia-Pacific, where shares mostly rose in Tuesday trade while South Korean game developer Krafton plunged in its debut.
Worries about the impact of Covid on global growth have weighed on investor sentiment lately, with countries grappling with the spread of the highly transmissible delta variant of the virus.
On Wall Street, stocks were mostly higher, with the Dow Jones Industrial Average and S&P 500 notching fresh record highs.
Reference: CNBC
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