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Earnings, metal rally spur record high for European stocks

Published 15/04/2021, 08:17
© Reuters.
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(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
April 15 (Reuters) - 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
COVID-19 vaccination in the continent.
The pan-European STOXX 600 index .STOXX inched up 0.3% in
its third session of gains, with miners and travel stocks
leading the rise.
UK's commodity-heavy FTSE 100 .FTSE outperformed as a
surge in metals prices lifted shares of companies such as Rio
Tinto RIO.L , Anglo American AAL.L and BHP BHPB.L . MET/L
Swiss engineering company ABB ABBN.S rose 3.3% after
raising its full-year sales outlook. French advertising group Publicis PUBP.PA gained 2.6% as
it returned to organic growth for the first time since before
the COVID-19 pandemic. Britain's food delivery company Deliveroo ROO.L slipped
1.5% even as its quarterly orders more than doubled in its first
trading update since its underwhelming market debut last month.

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