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Europe: Shares rise as miners gain on China stimulus

Wednesday, March 2, 2016 - 16:27

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[LONDON] European shares rose on Wednesday as gains in mining stocks enabled stock markets to recover further from their sharp losses earlier in the year.

The pan-European FTSEurofirst 300 index, which had risen in the last four sessions, advanced 0.7 per cent.

The euro zone's blue-chip Euro STOXX 50 index and Britain's FTSE 100 also climbed 0.6 per cent.

World stock markets slumped at the start of 2016 on concerns about a slowdown in China, the world's second-biggest economy and a leading consumer of metals and oils.

But new economic stimulus measures from China lifted mining stocks on Wednesday as copper prices also climbed.

REUTERS

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