European stocks rebound after yesterday's losses

European stock indices rose on Tuesday, after the market absorbed the yesterday's losses in most global stock markets due to renewed concerns about the Covid-19 pandemic.

The World Health Organization stated that coronavirus infections have increased in the USs, Europe and Asia due to the new Delta strain, which has renewed fears of the pandemic spreading out of control.

Bear in mind that the mutated Delta strain was detected in Europe, the UK and several other countries around the world, after it first emerged in India.

Otherwise, data showed that Germany's producer price index rose 1.3% in June, on par with forecasts.

The eurozone's trade balance reading showed a surplus of €11.7 billion in June, lower than forecasts of a surplus by €24.3 billion.

As of 10:04 GMT, the Stoxx Europe 600 index rose 0.2% or 1 point, to 445 points.

The UK's FTSE 100 rose 0.4% to 6,870 points, Germany's Dax rose 0.1% to 15,146 points, and the French CAC 40 rose 0.4% to 6,323 points.