European stocks rise near month highs as Wall Street rebounds

European stocks rose on Tuesday, after taking a pause yesterday due to profit-taking, to head for 1-month high thanks to improved risk appetite after Wall Street rebounded.

The Stoxx Europe 600 index rose 0.3% as of 10:50 GMT, after closing lower by 0.5% yesterday, due to profit-taking from 1-month high at 469.52 points.

The mining sector saw the largest gains in Europe today, with a rise of more than 1.5%, thanks to the rise of most dollar-denominated metals and commodities.

S&P 500 futures rose 0.5% today and hit the highest level in a month and a half, after the index closed higher by 0.3% yesterday, its fourth straight daily gain.

Back to Europe, the Euro Stoxx 50 index rose 0.3%, France's CAC 40 rose 0.2%, Germany's DAX index rose 0.4%, and the UK's FTSE 100 rose 0.1%.