Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD

European stocks hit 2-week high led by miners

Economies.com
2021-10-14 11:17AM UTC

European stocks rose on Thursday, and hit a 2-week high while on track for the second straight daily gain, thanks to improved risk appetite after a drop in the US T-bond yields, while today the mining sector led the gains thanks to Chinese demand hopes.

 

The Stoxx Europe 600 index rose 0.9% as of 11:10 GMT, and the highest level since September 27 at 464.82 points, after closing higher by 0.7% yesterday.

 

The mining sector saw the largest gains in Europe today, with a rise of more than 2.8%, thanks to hopes of strong demand in China.

 

The 10-year US Treasury yield fell 0.5% today, deepening losses for the third straight day, and pulled back further from a 4-month high of 1.636%, which lifts demand for gold.

 

The Federal Reserve's meeting minutes showed that the US central bank would start cutting its bond-buying program by mid-November, but monetary policy makers remained divided over the high inflation and the extent of the need for an interest rate hike.

 

S&P 500 futures rose 0.7% today, after the index closed higher by 0.3% yesterday, its first daily gain in 4 sessions.

 

Back to Europe, the Euro Stoxx 50 index rose 0.9%, France's CAC 40 rose 0.9%, Germany's DAX index rose 1%, and the UK's FTSE 100 rose 0.9%.

European Market News

Americas News

Markets

Wall Street loses ground amid mounting tariff war
2025-07-11 15:29PM UTC
U.S. stock indices declined during Friday trading as the global trade war between the United States ...
Americas News

Markets

Wall Street maintains gains, NASDAQ marks another record close
2025-07-09 20:30PM UTC
US stock indices climbed during Wednesday’s session and held onto their gains following the ...
Americas News

Markets

Wall Street gains ground ahead of Fed's minutes
2025-07-09 15:20PM UTC
U.S. stock indexes rose at the start of trading on Wednesday as markets assessed developments in ...