A trader works during the opening bell at the New York Stock Exchange on Wall Street on Tuesday. Photograph: Angela Weiss/AFPEuropean shares extended gains for a fifth straight session on Tuesday, buoyed by defensive sectors and mining stocks, although concerns over a potential recession limited further upside.
Smurfit Kappa lost ground, with the packaging group slipping 0.2 per cent to €37.51, but Flutter Entertainment added 0.2 per cent €128.00.Britain’s top share index ended near a 10-week peak as strong results from BHP Group sparked a rally in mining stocks. The commodity-heavy FTSE 100 rose 0.4 per cent, while the mid-cap FTSE 250 index slipped 0.2 per cent.
Another bright spot was fashion chain Ted Baker, which surged 16.9 per cent after Juicy Couture and Forever 21 owner Authentic Brands agreed to buy the company in a deal worth $254 million . Separate data showed euro zone countries swung into a trade deficit in June from a surplus 12 months earlier because of soaring prices of imported gas and oil.
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