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Rally in mining stocks helps Europe shake off earnings gloom

Published 02/18/2021, 04:22 PM
Updated 02/18/2021, 04:30 PM

(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
Feb 18 (Reuters) - European shares rose on Thursday as
mining stocks tracked a jump in commodity prices and helped
outweigh the impact from a clutch of disappointing earnings
reports from companies including Airbus and Orange.
The pan-European STOXX 600 .STOXX was up 0.2% by 0815 GMT,
with miners .SXPP jumping 2.0% as copper prices jumped on
Thursday to their highest in nearly a decade. MET/L
Technology .SX8P , energy .SXEP and auto .SXAP stocks
were also among the biggest gainers in early trading, rising
between 0.7% and 1.3%.
Meanwhile, planemaker Airbus AIR.PA fell 3.1% as it
posted an annual loss and withheld a dividend due to the
COVID-19 pandemic, while Orange ORAN.PA , France's biggest
telecoms group, lost 4.3% after reporting a drop in core
operating profit in the fourth quarter.

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