© Reuters.

(Reuters) – European shares edged up on Tuesday, lifted by oil and retail stocks, while investors looked past a new national lockdown in Britain to contain a surge in coronavirus cases.

The pan-European index was up 0.1% by 0814 GMT, after opening slightly lower following losses in Asia and on Wall Street over worries about the runoff Senate elections in the U.S. state of Georgia.

UK’s rose 0.6%, boosted by oil majors Royal Dutch Shell (LON:) and BP (NYSE:) providing the biggest support.

British fashion retailer Next jumped 8.2% after it said its Christmas sales were much better than it had expected.

The domestically focussed midcap index inched 0.2% higher, even as a new, more contagious variant of the coronavirus first identified in the United Kingdom prompted a fresh shutdown of schools and businesses.

index was flat with the government also looking to extend a lockdown.

German chipmaker Dialog Semiconductor PLC gained 4.7% after it gave an upbeat fourth-quarter revenue forecast due to strong demand for 5G phones and tablets.

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