"The rally is mostly technically driven after we became quite oversold last week"
- Raimund Saxinger, a fund manager at Trust Investment GmbH
European stocks rose by the most in a month on Tuesday.
The Stoxx Europe 600 Index gained 1.91 per cent to 244.76. Germany's DAX Index edged higher 1.65 per cent and France's CAC 40 Index added 1.88 per cent. The U.K.'s FTSE 100 Index rose 1.86 per cent to 5,403.28.
"The rally is mostly technically driven after we became quite oversold last week," said Raimund Saxinger, a fund manager at Frankfurt-Trust Investment GmbH.
"The worries that we have seen, they still persist. The next thing that the markets are really focusing on are the Greek elections and in essence if Greek voters will vote to stay in the euro or not."
© Dukascopy Bank