EUROPE MARKETS: European Stocks Leap Toward Best Session In Nearly A Month

By Carla Mozee, MarketWatch

Euro trading at a 7-month low

European stocks leapt Tuesday, with a climb in energy shares among those leading the region's benchmark toward its biggest rise in nearly a month.

The Stoxx Europe 600 popped up 1.9% to 377.68, with all sectors advancing, led by a roughly 3% rise for the oil and gas group . The pan-European benchmark is on pace for its best daily gain since Oct. 22, FactSet data showed.

Energy stocks pushed higher following Monday's 2.5% rally in oil prices (http://www.marketwatch.com/story/oil-futures-rise-on-worries-about-supply-disruptions-2015-11-16) , in part on news that output from the Organization of the Petroleum Exporting Countries fell for a third consecutive month.

In the group, Spanish oil producer Repsol SA (REPYY) tacked on 3.8% as did shares of Portuguese oil producer Galp Energia SGPS (GALP.LB) . Tullow Oil (TLW.LN) rose 3.5%, and France's Total SA (TOT) stepped up 2.6%.

Total's rise helped lift France's CAC 40 up 2.2% to 4,907.20, while Galp's gain aided in a 2.2% advance in Portugal's PSI 20 .

Meanwhile, a drive lower in the euro benefited shares of exporters in Germany, Europe's largest economy. The DAX 30 index gained 1.6% to 10,888.64. The euro was down 0.2% at $1.0664, and dipped below $1.0650 for the first time since April.

"There is still a continually strong divergence in both monetary and economic sentiment between the United States and Europe that is consistently encouraging sellers to attack," the eurodollar currency pair, said FXTM research analyst Lukman Otunuga in a note.

In London, FTSE 100 rose 1.7% to 6,252.81.

The European travel and leisure sector was recovering from losses Monday, which were spurred by the terrorist attacks that left at least 132 people in Paris. Shares of travel-services provider Thomas Cook Group PLC (TCG.LN) rose 0.7%, and French hotels company AccorHotels SA (AC.FR) picked up 1%.

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

(END) Dow Jones Newswires

November 17, 2015 05:00 ET (10:00 GMT)

Copyright (c) 2015 Dow Jones & Company, Inc.