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Commodity stocks push European equities higher

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 22, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Mumbai) - The European equities extended rally on Friday as the gains in commodity prices pushed the mining and energy counters higher across the European bourses.

    At the time of writing, the pan-European Euro Stoxx 50 index was up 2.5%. Germany’s DAX was up 1.8%, while France’s CAC was up almost 3%. The mining heavy London’s FTSE was up 2% as well.

    The top performing sector was oil – up 4.4%. Shares like Royal Dutch Shell and Eni gained more than 3%. Mining stocks were also up 3.6%, tracking the rise in the base metals.
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