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Mining stocks power gains in Europe on recovery optimism

Published 02/15/2021, 04:20 PM
Updated 02/15/2021, 04:30 PM
© Reuters.
VIV
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RIO
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AAL
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BHPB
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BOLL
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STOXX
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SXEP
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SX7P
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(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
Feb 15 (Reuters) - European shares scaled one-year highs on
Monday and mining stocks tracked a jump in copper prices as bets
of more U.S. stimulus fuelled optimism around a faster global
economic recovery this year.
The pan-European STOXX 600 .STOXX rose 0.6%, with Rio
Tinto RIO.L , BHP Group BHPB.L and Anglo American AAL.L
bolstering the index. Banks .SX7P and energy stocks .SXEP
were also among the biggest gainers.
Most European bourses were higher by 0813 GMT, while Asian
shares hit record highs earlier in the day.
Trading volumes are expected to remain thin on Monday with
markets in China, Hong Kong and the United States shut for local
holidays. MKTS/GLOB
In company news, Bollore SA BOLL.PA surged 14.1% to the
top of the STOXX 600 as Vivendi VIV.PA said it planned to
distribute 60% of Universal Music's capital to investors and
aimed to list its most-prized asset by the end of the year.
The plan represents part of a process launched by Vivendi's
top shareholder, French billionaire Vincent Bollore, to cash in
on the music industry's revival.

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