European stocks close near 2-week high as PMI data brings cheer

(Reuters) - European shares closed at their highest in almost two weeks on Tuesday, powered by cyclical stocks, following signs that business activity in the continent was rebounding faster than expected from a coronavirus-driven slump. The pan-European STOXX 600 index ended 1.3% higher, with economically sensitive sectors such as banks , automakers , miners and insurers gaining between 1.9% and 3.3%.Euro zone stocks rose 1.6% after IHS Markit's Purchasing Managers' Index (PMI) showed a..