🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Commodity gains push European stocks to 1-week high

Published 03/26/2021, 04:19 PM
Updated 03/26/2021, 04:20 PM
© Reuters.
ALVG
-
AV
-
KAZ
-
STOXX
-
SXEP
-
SXPP
-

(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
March 26 (Reuters) - European stocks rose on Friday, helped
by gains in commodity-linked companies as investors balanced
worries about surging coronavirus cases with the prospect of a
strong U.S. economic recovery.
The pan-European STOXX 600 index .STOXX rose 0.8% by 0810
GMT, hitting a one-week high. The benchmark was on course for
its fourth straight weekly rise.
Mining .SXPP and oil & gas stocks .SXEP were the top
gainers in Europe, up 2.1% and 1.8%, helped by higher commodity
prices. MET/L O/R
UK-listed copper miner Kaz Minerals Plc KAZ.L rose 2.9%
after it received a final bid worth 4.02 billion pounds ($5.53
billion) from Chairman-led Nova Resources. Market sentiment, for most part of the week, was weighed
down by worries about new lockdowns and a slow pace of
vaccination in the euro zone, but optimism about a
stimulus-driven recovery in the United States brightened the
outlook for global growth.
British insurer Aviva AV.L was up 2.1% after it sold its
Polish operations to Germany's Allianz ALVG.DE for 2.5 billion
euros ($2.94 billion) in cash. Allianz gained 1.3%.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.