Stock Groups

European stocks rise on travel rebound, gains in Wall Street By Reuters

[ad_1]

© Reuters. FILE PHOTO : This graph shows the German share index DAX at Frankfurt Stock Exchange, Germany on September 15, 2021. REUTERS/Staff

(Reuters) – European stocks rose on Thursday as a rebound in travel stocks and overnight strength in Wall Street helped offset concerns about China’s slowing economy that dragged down miners.

The pan-European index rose 0.6% by 0717 GMT, bouncing off a six-week closing low hit in the previous session. Travel & leisure added 1.6%, while automakers rose 1.2%.

Miners including Rio Tinto (NYSE:), Anglo American (LON:) and BHP Group (NYSE:) were among the top drags as metal prices fell after China reiterated plans to release more metals from its reserves. [MET/L]

German car supplier Continental AG, (OTC:), fell 11.7% below the STOXX 600 bottom line following the spinoff of Vitesco.

Utilities saw a 0.2% increase, despite concerns about measures to lower energy costs in Spain and other countries. On Wednesday, the index dropped almost 3%.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. CFDs include futures, stocks, indexes and Forex. Prices are provided not by the exchanges. They are rather provided by market makers. Therefore prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. You should be aware of the potential risks and financial costs involved in trading the financial market. It is among the most risky forms of investment.



[ad_2]