European Stocks Rise as Carmakers, Miners Gain, Oil Pares Drop
- TUI leads travel-and-leisure higher after Berenberg upgrade
- Energy stocks hurt after Doha meeting ended without agreement
European Stocks Rebound, Stoxx 600 in Tight Trading Range
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European stocks rebounded as carmakers and commodity producers surged, while energy companies pared declines with oil.
Daimler AG and BMW AG led automakers to the biggest advance among industry groups on the Stoxx Europe 600 Index. Miners recovered, with Rio Tinto Group and BHP Billiton Ltd. pacing gains as base metals rose. While crude trimmed losses, it still pulled energy producers lower, with Total SA and Royal Dutch Shell Plc weighing heaviest. Apple Inc. suppliers ARM Holdings Plc and Dialog Semiconductor fell at least 3.3 percent on speculation the iPhone maker will cut production amid slower-than-expected sales of the 6S and 6S Plus models.