European stocks rise after Monday’s strong sell-off

European stocks are recovering on Tuesday after a sharp sell-off in the previous session, with gains in commodities stocks offsetting concerns about the omics coronavirus strain.

The pan-European STOXX 600 index added 0.9 percent. Mining and oil companies led the gains amid a rebound in copper and oil prices amid a slight increase in risk appetite.

Shares of ASML Holding, ASM International, Infineon Tech and STMicroelectronics rose 1.4-2.4% after U.S. chipmaker Micron Technology projected revenue for the current quarter above market expectations.

Sporting goods makers Adidas (DE:ADSGN) and Puma (DE:PUMG) added 0.9% and 0.7% after Nike (NYSE:NKE) reported better-than-forecast quarterly results.