European stocks rise led by miners

2021-04-26 13:11:15 GMT (Economies.com)
European stocks rise led by miners

European stocks rose on Monday, to head for the third daily gain in 4 days, following Wall Street's rally, in addition to strong gains in the mining sector, but those gains are being curbed amid anticipation of the earnings reports flow and a rebound in the US T-bond yields ahead of the Fed meeting.

 

The Stoxx Europe 600 index rose 0.2% as of 11:12 GMT, after closing lower by 0.1% on Friday.

 

The pan European index lost 0.8% last week, posting its first weekly loss in 2 months, on profit-taking after hitting its all-time high at 443.6 points.

 

The mining saw the largest gains in Europe today, with a jump of more than 1%, as most of the sector's shares rebounded.

 

S&P 500 futures rose more than 0.1%, ahead of Wall Street opening after the index closed higher by 1.1% on Friday.

 

The 10-year Treasury yield rose 2.5% to nearly 1-week high at 1.599%, which weighs down on market's risk appetite.

 

This comes ahead of the US Federal Reserve’s monetary policy meeting on Tuesday, amid anticipation of more clues about the pace of the US inflation and the future of interest rates.

 

Back to Europe, the Euro Stoxx 50 index rose 0.1%, France's CAC 40 rose 0.3%, Germany's DAX rose 0.1%, and the UK's FTSE 100 added 0.2%.

 
 
 
  Symbol Last Change Chg.%
1.2086
-0.0087
0.7184%
1.4038
-0.0098
0.6943%
Tadawul
10322.68
86.96
0.85%
26.930
-0.874
3.143%
64.731
-0.661
1.011%
67.87
-1.42
2.05%
1817.280
-26.945
1.461%
 
 
US
 
Europe
 
Asia