LONDON – European stocks closed higher on Tuesday, building on the previous session's rally as concern over rising U.S. bond yields stabilized The pan-European Stoxx 600 ended the session up by about 0.2%, with insurance stocks adding 1.6% while oil and gas slipped 0.3% on the back of weakening commodity prices. Most sectors and major bourses finished in positive territory. European stocks are building on a strong start to the week, with the Stoxx 600 ending the previous session up by 1.8%. However on Wall Street, the major U.S. stock indexes traded lower Tuesday, pulling back after the S&P 500 rallied more than 2% Monday for its best day since June. Stocks in Asia-Pacific were mixed on Tuesday.On the data front, euro zone inflation held steady in February, rising 0.2% month-on-month in line with analyst expectations, according to flash estimates from Eurostat Tuesday.Earnings remain a driver of individual share price movement, with HelloFresh, Man Group, Travis Perkins, Taylor Wimpey and Hotel Chocolat among those reporting before the bell.German manufacturer Kion Group gained 6.5% to lead the Stoxx 600 while Hellofresh slid 6.5% following their respective full-year earnings reports.Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world.
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