European shares rise after Monday’s bruising selloff By Reuters – Investing.com

European shares rise after Monday’s bruising selloff By Reuters – Investing.com

(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 added 0.9% as of 0821 GMT, with miners and oil stocks leading gains on the back of higher and crude prices amid a slight upturn in risk appetite. [O/R] [MET/L]

Semiconductor and chip stocks ASML Holding (NASDAQ:), ASM International (OTC:), Infineon (OTC:) Tech and STMicroelectronics rose around 2% each after U.S. chipmaker Micron Technology (NASDAQ:) beat market expectations in its trading update.