(Reuters) – European stocks inched higher on Tuesday with investors buying into defensive sectors as they awaited further signs that the economy could weather the fallout from a near total global shutdown to curtail the spread of the coronavirus pandemic.
The pan-European STOXX 600 index <.STOXX> was up 1.1% at 0706 GMT, with real estate stocks <.SX86P>, utilities <.SX6P> and telecoms <.SXKP> – usually considered stable during heightened volatility – adding between 0.9% and 1.5%.
Still, the benchmark index was set to end its worst quarter since 2002, with investor confidence far from stable amid a rout that erased more than $3 trillion from the value of European firms in just over a month.
In a bright spot, HelloFresh
(Reporting by Sagarika Jaisinghani in Bengaluru; Editing by Shounak Dasgupta)
