European stocks rise in early trading, led by miners

2022-01-17 14:02:05 GMT (Economies.com)
European stocks rise in early trading, led by miners

European stocks rose on Monday, rising for the first day in three, led by the mining sector, especially after the Chinese economy growth data showed better than expected results for the fourth quarter of 2021.

 

The Stoxx Europe 600 index rose 0.6% as of 11:25 GMT, after closing lower by 1% on Friday, in the second straight daily loss.

 

The pan European index lost more than 1.1% last week, posting its second weekly loss in a row, due to risk-aversion following the US bond yields' jump to a 2-year high.

 

The mining sector saw the largest gains in Europe today, with a rise of more than 0.7%, thanks to upbeat Chinese growth data.

 

The Chinese GDP grew by 4.0% during the fourth quarter, beating forecasts of 3.3%, which renewed hopes for the recovery of the world's largest consumer of metals and commodities.

 

S&P 500 futures rose 0.1% today ahead of Wall Street's opening, after the index closed 0.1% lower on Friday.

 

Back to Europe, the Euro Stoxx 50 index rose 0.6%, France's CAC 40 rose 0.6%, and Germany's DAX index rose 0.4%, while the UK's FTSE 100 rose 0.7%.

 
 
 
  Symbol Last Change Chg.%
1.0744
0.0091
0.8552%
1.2623
0.0060
0.4784%
22.125
0.213
0.972%
113.841
3.702
3.361%
117.25
-0.03
0.03%
1854.800
-1.635
0.088%
 
 
US
 
Europe
 
Asia