Miners boost European stocks to fifth day of gains

European shares extended gains for a fifth straight session on Tuesday, underpinned by miners and defensive sectors, although concerns over a potential recession limited further upside in the indexes.

The continent-wide STOXX 600 index rose 0.2% by 0712 GMT, hitting a fresh 10-week high after recouping much of its June losses. Miners jumped 1.1% to lead morning gains, boosted by strong results from London-listed global miner BHP Group , which rose 4%.

Telecoms and utilities - sectors seen as safer bets during economic uncertainty - also rose. Sonova plunged 12.5% after the hearing aid maker lowered its full-year earnings forecast, citing a slower-than-expected development in some important markets and higher component and freight costs.

Pandora fell 5% after the Danish jewellery maker reported second-quarter sales in line with expectations and reaffirmed its annual forecast, despite disappointing sales in the United States and China.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)