By Investors Hub
European stocks have moved mostly higher on Tuesday, extending their strongest two-day rally since January.
The underlying mood turned cautious after U.K. lawmakers rejected all the options to replace Prime Minister Theresa May’s divorce deal.
With a hard Brexit becoming nearly inevitable, the PM will hold a cabinet meeting today to plan the government’s next moves.
While the U.K.?s FTSE 100 Index has surged up by 1.1 percent, the German DAX Index is up by 0.6 percent and the French CAC 40 Index is up by 0.4 percent.
Shares of Volvo have moved notably higher after Goldman Sachs initiated coverage of the automaker with a Buy rating.
Meanwhile, Swiss drug maker Novartis has fallen after a U.S. judge ruled the government had offered evidence of a company-wide kickback scheme.
Budget carrier Ryanair Holdings has also moved to the downside after reporting its passenger traffic figures for the month of March.
In economic news, Eurozone producer prices rose at a slightly faster pace in February after easing slightly in February, preliminary data from Eurostat showed.
The industrial producer price index rose 3 percent year-on-year following a 2.9 percent rise in January, which was revised from 3 percent. Economists were expecting 3.1 percent price growth.
Survey data from IHS Markit showed the U.K. construction sector continued to shrink in March, albeit at a slightly slower pace, driven by sustained weakness in commercial work and civil engineering.
