Earnings, metal rally spur record high for European stocks

  • 📰 Reuters
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 97%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

European stocks hit a record high on Thursday as a rally in commodity prices lifted miners, while some positive earnings reports offset worries about the pace of COVID-19 vaccination in the continent.

The pan-European STOXX 600 index inched up 0.3% in its third session of gains, with miners and travel stocks leading the rise.

UK’s commodity-heavy FTSE 100 outperformed as a surge in metals prices lifted shares of companies such as Rio Tinto, Anglo American and BHP. [MET/L]French advertising group Publicis gained 2.6% as it returned to organic growth for the first time since before the COVID-19 pandemic. Britain’s food delivery company Deliveroo slipped 1.5% even as its quarterly orders more than doubled in its first trading update since its underwhelming market debut last month.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines