European equities were slightly higher Tuesday morning as fears over a possible recession faded and investors concentrated on corporate news.
The pan-European Euro Stoxx 600 Index was higher by 0.1 percent in early deals. Most major bourses and sectors were higher with oil stocks leading the gains. The price of the commodity rose on Tuesday morning amid ongoing supply cuts.
In individual stocks news, Ocado shares jumped 4.6 percent after it signed an e-commerce partnership with Australia's Coles. Convatec shares surged 8 percent after reported interest from private equity firm EGT.