European stocks climbed higher on Tuesday after opening in the red, as investor concerns persist over the volatility in technology stocks against the backdrop of rising bond yields.
Major European markets opened lower across the continent but reversed course in early Tuesday trading to push into the green. Germany’s DAX continued into record high territory for the second straight day. The Nasdaq COMP, -2.41% tumbled a further 2.4% in Monday trading, with the index now down more than 10% since highs in mid-February. The fall in tech stocks has come amid rising bond yields. Nasdaq futures NQ00, +2.31% were pointing up around 2% on Tuesday.
But metals and mining stocks represent the other side of the commodities seesaw. Industrial metals in particular have fallen, with copper HG00, -1.27% down more than 1% and iron ore futures for April TIOJ21, -5.52% down near 6%. Shares in London-listed Rio Tinto RIO, -1.49%, BHP BHP, -2.04%, Anglo American AAL, -2.52%, Antofagasta ANTO, -0.68%, and Glencore GLEN, -1.88%, which are all major miners of copper or iron, were among the largest fallers in London trading.
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