European stocks head for first daily gain in 4 on strong Chinese data

European stocks rose on Tuesday, to head for the first daily gain in 4, lifted by upbeat data in China, which raised market's hopes over the Chinese economy's recovery.

The Stoxx Europe 600 index rose more than 0.3% as of 11:25 GMT, after it closed lower by 0.6% yesterday, posting the third straight daily loss, after disappointing inflation data in Germany and Italy.

The pan European index opened higher today, to head for the first daily gain in 4, with most of the major European markets and sectors seeing green today.

The tech sector saw the largest gains in Europe today, rising over 1.5%, thanks to the recovery of most stocks in the sector.

China's manufacturing activities grew more than expected in August, in the latest sign on the world's second largest economy recovery from the coronavirus impact.

S&P 500 futures rose 0.5%, after the index closed lower by 0.2% yesterday, and posted its first loss in 8 days, due to profit-taking from the record high of 3,514.77 points.

Back to Europe, the Euro Stoxx 50 index added 0.5%, France's CAC 40 rose 0.25%, and Germany's DAX added 0.6%.

While the UK's FTSE 100 lost 1.3%, due to the British pound's rally, which have a negative impact on exports.