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The pan-European STOXX 600 (STOXX) rose 0.3% by 0719 GMT, while the German DAX (GDAXI) gained 0.5% and London’s FTSE 100 (FTSE) was up 0.6%.
After worries of a resurgence in coronavirus cases knocked risk sentiment on Monday, investors waited for the conclusion of a U.S. Federal Reserve meeting and talks over another round of fiscal stimulus for the U.S. economy.
Luxury stocks took a hit after LVMH (PA:LVMH) slid 2.8% as store closures sparked by the COVID-19 pandemic tore a hole into the Louis Vuitton owner’s second-quarter sales.
Gucci owner Kering (PA:PRTP) and France’s Hermes (PA:HRMS) slipped, while Moncler (MI:MONC), which makes luxury puffer jackets, slid 4% after reporting a first-half operating loss for the first time in its history.
