© Reuters. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, December 20, 2021. REUTERS/Staff
(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.
Sporting goods makers Adidas (OTC:) and Puma added 1.2% and 1.0% following Nike (NYSE:)’s quarterly beat.
Sanofi (NASDAQ:) slipped 0.1% after announcing it will buy Amunix Pharmaceuticals for about $1 billion.
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