Europe Markets: European stocks step higher, as PMI data rolls in

European stocks moved higher Tuesday, with advances in the mining and financial sectors raising the prospect of a second day of gains for the market.

The Stoxx Europe 600 SXXP, +0.85% added 0.6% to 342.45. The pan-European benchmark on Monday closed 0.1% higher, with losses for commodity shares keeping the gain in check.

But Tuesday’s session saw a rise in shares of iron ore mining heavyweight BHP Billiton PLC BLT, +3.24%BHP, -0.91%BHP, +0.62% , whose shares climbed 3% after a ratings upgrade to buy from hold at Jefferies.

Also among top gainers, Italy’s UniCredit SpA UCG, +3.88% gained 2.6%.

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