By Simon Kennedy
LONDON (MarketWatch) -- European stocks rebounded in early trading Tuesday as worries over the unrest in Egypt receded, with banks and mining companies posting solid gains. Shares in car maker Renault SA (FR:RNO 47.47, -0.32, -0.66%) rose 1.6% in Paris after the company late Monday estimated that its 2010 revenue rose 16%. Shares in BP PLC (UK:BP. 476.00, -8.85, -1.83%) (BP 47.47, +1.26, +2.73%) fell 0.8%, sharply underperforming compared to a strong oil and gas sector, after the company reported an operating profit that fell short of expectations. The U.K. FTSE 100 index (UK:UKX 5,884, +20.67, +0.35%) rose 0.8% to 5,909.08, the French CAC 40 index (FR:PX1 4,026, +20.85, +0.52%) rose 0.7% to 4,034.11 and the German DAX 30 index (DX:DAX 7,120, +42.13, +0.60%) rose 0.6% to 7,124.76. |
