European shares rise after Monday's bruising sell-off

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 per cent 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.

Semiconductor and chip stocks ASML Holding, ASM International, Infineon Tech and STMicroelectronics rose around 2 per cent each after U.S. chipmaker Micron Technology beat market expectations in its trading update.


Sporting goods makers Adidas and Puma added 1.2 per cent and 1.0 per cent following Nike's quarterly beat.

Sanofi slipped 0.1 per cent after announcing it will buy Amunix Pharmaceuticals for about $1 billion.