European stocks rally to record

Business | 15 Apr 2021 4:25 pm

European stocks hit a record high on Thursday as a rally in commodity prices lifted miners, while some positive earnings reports offset worries about the pace of vaccination in the continent, Reuters reports.

The pan-European STOXX 600 index inched up 0.3 percent in its third session of gains, with miners and travel stocks leading the rise.

UK’s commodity-heavy FTSE 100 outperformed as a surge in metals prices lifted shares of companies such as Rio Tinto, Anglo American and BHP.

Swiss engineering company ABB added 3.3 percent after raising its full-year sales outlook.

French advertising group Publicis gained by 2.6 percent as it returned to organic growth for the first time since before the pandemic.

Britain’s food delivery company Deliveroo slipped by 1.5 percent even as its quarterly orders more than doubled in its first trading update since its underwhelming market debut last month.



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