GLNCY Glencore Plc (PK)

Global stocks climbed Tuesday in the quiet trading week between the Christmas and New Year holidays, although another fall in beleaguered mining shares kept a lid on gains.

The Stoxx Europe 600 was up 0.8% in early trade, reversing Monday's losses as Chinese equities began to recover from a sharp selloff.

China's Shanghai Composite Index gained 0.9% after falling the most in a month in the previous session amid signs officials are worried about capital flight.

Japan's Nikkei Stock Average added 0.6%, while Australia's S&P ASX 200 gained 1.2% as it reopened from a holiday, advancing for an eighth consecutive session.

Tuesday's gains were capped by a slightly lower close for Wall Street on Monday as energy stocks sold off in the lowest full day of trading volume for the year.

By Tuesday morning in Europe, Brent crude oil was up 0.3% at $36.74 a barrel.

In currencies, the euro was down 0.1% against the dollar at $1.0974, while the dollar was up 0.1% against the yen at ¥ 120.3810.

Gold was up 0.4% at $1,072.90 a troy ounce.

Back in equities, London's FTSE 100 index was up 0.2% as it reopened from Monday's public holiday, while France's CAC 40 and Germany's DAX added 1.1%.

The chemicals sector led Europe higher, though gains were capped by another fall in battered basic resources. Anglo American PLC was down 3.4%, while Glencore PLC lost 2.4%. Both have seen sharp losses in recent months.

Investors this week will be watching to see if U.S. indexes can rally in the final week of trading to eke out a gain for 2015. So far, the S&P 500 is on track to lose 0.1% and the Dow industrials are down 1.7%. While stock markets traditionally rise into the year-end, major bourses have been volatile in recent weeks, as investors consider weakness in commodity prices, trouble in the high-yield debt market, lackluster global growth and the U.S. Federal Reserve's first interest rate rise in nearly a decade.

Later Tuesday, investors will also eye a fresh reading on the U.S. housing market and consumer confidence.

Financial markets in the U.S., Europe and Japan will be closed Friday for New Year's Day.

Write to Riva Gold at riva.gold@wsj.com

(END) Dow Jones Newswires

December 29, 2015 04:25 ET (09:25 GMT)

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