European stocks pushed higher, led by miners, on Monday, while the broader market continued to welcome last week’s boost in stimulus from the European Central Bank.
The Stoxx Europe 600 gained 0.7% to close at 344.66, with only the oil and gas sector failing to gain ground. The pan-European index on Friday leapt 2.6% in the wake of the ECB’s expanded plans to boost sagging inflation in the eurozone. Monday’s win marked the index’s second in a row.
Among top advancers, Anglo American bounced up 6%, Glencore climbed 4.4%, and Boliden advanced 1.8% largely because the market read a slowdown in industrial production in China–a key buyer of Europe’s industrial and precious metals–as an impetus for more stimulus from Beijing.
Source : Marketwatch