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European stocks climbed, rebounding from the biggest three-day selloff since July, before a report on German industrial production.
Data in Germany today may show industrial production climbed 0.3 percent in February, after stagnating the previous month, according to a Bloomberg survey of economists.
A gauge of European mining companies rebounded from a seventh week of losses today. Copper rose 1 percent on the London Metal Exchange after orders to remove the metal from warehouses climbed to the highest level since at least 1997.
Antofagasta, the copper producer controlled by Chile’s Luksic family, climbed 1.7 percent to 977 pence. Kazakhmys Plc rallied 2.5 percent to 374 pence and Eurasian Natural Resources Corp. added 4 percent to 252.8 pence.
Lundin rose 3.2 percent to 145.10 kronor, after saying the Luno II well, in which it owns a 40 percent stake, discovered oil-bearing sands with a 40 meter column of “good quality” crude. Pressure data showed a separate petroleum system to the nearby Edvard Grieg and Johan Sverdrup fields.
Premier Oil Plc, which has a 30 percent holding in Luno II, climbed 3.5 percent to 375.4 pence in London while Statoil ASA, which holds the remaining 30 percent, advanced 1.3 percent to 139.30 kroner in Oslo.
In Athens, National Bank of Greece plummeted 30 percent to 36.4 euro cents, the biggest move allowed, and Eurobank plunged 20 percent to 12 cents. Regulators put the banks’ planned merger on hold while they raise funds separately to avoid nationalization.
FTSE 100 6,269.34 +19.56 +0.31%
CAC 40 3,690.85 +27.37 +0.75%
DAX 7,690.9 +32.15 +0.42%
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