Markets

European stocks resume gains as energy and mining sectors rise

2019-06-13 13:16:07 GMT (Economies.com)

European shares rose in morning trade on Thursday to resume gains, which were temporarily halted yesterday as part of profit-taking from the highest level in five weeks, led by energy and core resources sectors.

 

As of 11:35 GMT, Stoxx Europe 600 rose more than 0.2% while the index ended lower by 0.3% yesterday, its first loss in four sessions, on profit-taking.

 

The Index rose on Thursday morning on its way to the fourth gain in the last five sessions, with most of the major markets and sectors in the positive region.

 

The energy and core resources sectors are the top gainers in Europe with gains above 0.9%, especially after oil prices jumped 4% after two oil tankers were attacked in the Gulf region.

 

US President Donald Trump used a more positive tone about the US-China trade war on Wednesday but also threatened to increase tariffs on Chinese goods if a comprehensive trade deal was not reached.

 

S&P 500 futures rose by more than 0.3%, and the index ended yesterday's session on Wall Street down 0.2%, the first loss in the last eight sessions.

 

Euro Stoxx 50 index rose by 0.3%. with France's the CAC 40 index rising by 0.1%. while in Germany, the DAX rose by more than 0.5%. with London's FTSE 100 adding about 0.2%.

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