Britain’s blue-chip FTSE 100 index lagged behind Germany and France.
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European equities gained Tuesday after early sharp losses, with commodity stocks rebounding after oil rose toward $31 on hopes of a deal to tackle a supply glut and metals prices gaining ground on speculative buying. The STOXX Europe 600 Oil and Gas index rose 2.5 percent after oil prices rose on expectations that OPEC and non-OPEC producers may be edging closer to a deal. The European basic resources index rose more than 4 percent after copper and zinc prices hit multi-week peaks as speculators bought back short positions ahead of a holiday break in top metals consumer China.The index is down about 9 percent since the start of the year.
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