(Reuters) -European stocks rose on Tuesday, with Germany's equity index hitting a record high on optimism around several countries easing economic restrictions, falling unemployment rate in the United Kingdom and strong earnings reports from companies. The pan-European STOXX 600 index rose 0.2% to end just shy of its record high hit last week, with the travel and leisure index leading gains, while technology stocks rose 0.6%. "Should we have inflation globally, then cyclical stocks see better performance normally than growth stocks," UniCredit strategist Christian Stocker said.
By Geoffrey Smith
European stock markets traded higher Tuesday, helped by promises of continued Federal Reserve largesse along with better than expected U.K. employment data. European stock markets have struggled of late over worries that growing inflationary pressures could force the Federal Reserve to start tapering its ultra-easy monetary policies in the near future.