European Stocks Advance as Commodity Shares Rally
Oil price gains and the resulting rise in commodity shares pushed the major European indices higher in early trading on Friday.
At
the time of writing, pan-European Euro Stoxx 50 index was up 1.10%.
Germany’s DAX and France’s CAC were up 0.80% each. UK’s mining heavy
FTSE was up 0.82% as well. The broader Stoxx 600 index was up 0.52%.
Mining
heavyweights in the UK like Rio Tinto, Glencore, Weir Group, Anglo
American were up at least 2% each. Germany’s RWE AGT ST 2.66%.
Meanwhile, losing side included names like Swisscom.
On the
macroeconomic front, German exports bounced back, rising more than
expected in February and at their fastest pace since September.
(Market News Provided by FXstreet)
