The German share value index DAX graph is pictured on the inventory trade in Frankfurt, Germany, August 12, 2022. REUTERS/Workers

Aug 16 (Reuters) – European shares prolonged good points for a fifth straight session on Tuesday, underpinned by miners and defensive sectors, though issues over a possible recession restricted additional upside within the indexes.

The continent-wide STOXX 600 index (.STOXX) rose 0.2% by 0712 GMT, hitting a recent 10-week excessive after recouping a lot of its June losses.

Miners (.SXPP) jumped 1.1% to guide morning good points, boosted by robust outcomes from London-listed international miner BHP Group , which rose 4%. learn extra

Telecoms (.SXKP) and utilities (.SX6P) – sectors seen as safer bets throughout financial uncertainty – additionally rose.

Sonova (SOON.S) plunged 12.5% after the listening to support maker lowered its full-year earnings forecast, citing a slower-than-expected improvement in some vital markets and better element and freight prices.

Pandora (PNDORA.CO) fell 5% after the Danish jewelry maker reported second-quarter gross sales in keeping with expectations and reaffirmed its annual forecast, regardless of disappointing gross sales in the US and China.

Reporting by Sruthi Shankar in Bengaluru; Enhancing by Sherry Jacob-Phillips

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