European
stocks pushed higher, led by miners, on Monday, while the broader
market continued to welcome last week’s boost in stimulus from the
European Central Bank.
The
Stoxx Europe 600 gained 0.7% to close at 344.66, with only the oil and
gas sector failing to gain ground. The pan-European index on Friday
leapt 2.6% in the wake of the ECB’s expanded plans to boost sagging
inflation in the eurozone. Monday’s win marked the index’s second in a
row.
Among
top advancers, Anglo American bounced up 6%, Glencore climbed 4.4%, and
Boliden advanced 1.8% largely because the market read a slowdown in
industrial production in China–a key buyer of Europe’s industrial and
precious metals–as an impetus for more stimulus from Beijing.
Source : Marketwatch
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