Stocks in Western Europe rose in trading on Tuesday after a sell-off a day earlier on fears of rising COVID-19 incidence. Fears associated with the rapid spread of the new strain of the delta coronavirus forced investors around the world to sell off shares, especially those companies that are directly affected by the restrictions due to the pandemic, writes CNBC. France has entered the fourth wave of the COVID-19 pandemic, French government spokesman Gabriel Attal said Monday, quoted by local media outlets. A government spokesman called for everything possible to prevent this wave from becoming “more destructive” than the previous ones. According to Attal, over the past week, the incidence in France has increased by 125%, and 80% of the cases detected are the especially dangerous Delta strain. British Prime Minister Boris Johnson said on Monday that he intends from the end of September to oblige nightclubs and organizers of public events in England to admit only visitors fully vaccinated against COVID-19. The UK government lifted all internal restrictions related to the coronavirus on Monday. The statistics released on Tuesday showed that the rise in producer prices in Germany in June 2021 was the highest in more than 39 years. Producer prices (PPI) jumped 8.5% last month from June 2020, according to data from the country’s Federal Statistical Office (Destatis). Analysts predicted an 8.4% rise on average, Trading Economics reported. Compared to May, prices rose 1.3%, while an increase of 1.1% was expected. The composite index of the largest enterprises in the region Stoxx Europe 600 by the close of trading rose by 0.52% and amounted to 446.61 points. As a result of trading on Monday, it fell 2.3%. The British FTSE 100 indicator rose by 0.54%, the German DAX – by 0.55%, the French CAC 40 – by 0.81%. Italy’s FTSE MIB and Spain’s IBEX 35 added 0.59% and 0.68%, respectively. UBS Group AG rose 4.1% in trading on Tuesday. Switzerland’s largest bank recorded a 63% increase in net income in the second quarter of 2021, while exceeding market expectations. EasyJet Plc gained 0.9%. The British low-cost carrier returned to profitable levels in the third quarter of fiscal 2021 amid a 30-fold jump in revenues as flights recovered following the lifting of pandemic restrictions. The shares of the world’s largest mining companies, Rio Tinto Plc and BHP Group Plc, also went up significantly. Their price increased by 1.4% and 1.9%, respectively. Remy Cointreau SA fell 0.7%, despite the fact that the French alcoholic beverages producer doubled its revenue in the first quarter of the current fiscal year. Electrolux AB shares fell 6.4%. The Swedish company, one of the world’s largest home appliance manufacturers, returned to profitable levels in the second quarter, but warned of difficulties in meeting market demand for product mix in the third quarter due to a shortage of electronic components. Source: FINMARKET.RU