European shares edge higher as miners advance
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By Atul Prakash
LONDON, Oct 6 (Reuters) - European shares extended a sharp rebound on Monday on further signs that the U.S economy is gathering momentum, with miners gaining the most driven by stronger industrial metals prices.
The STOXX Europe 600 Basic Resources index rose 1.5 percent as prices of copper, aluminium and zinc climbed 0.3 to 1.4 percent anticipating stronger demand for raw materials in countries such as the United States.
Miners Rio Tinto, BHP Billiton, Fresnillo and Antofagasta rose 1.8 to 3.8 percent.
The pan-European FTSEurofirst 300 index was up 0.2 percent at 1,349.92 points by 1455 GMT, having risen 0.9 percent on Friday's data showing that U.S. employers ramped up hiring in September and that the jobless rate fell to a six-year low.
"The U.S. job numbers were reassuring. The way the market appears to be reacting to these numbers suggests that investors are more concerned about the growth outlook at this point in time than possible interest rate hikes," HSBC equities strategist Robert Parkes said. Continuación...