European markets end sharply higher as commodities shares jump

miércoles 23 de diciembre de 2015 13:42 GYT

* Shares surge in last full session before Christmas break

* Mining stocks dominate list of top performers

* 2015 EU stock market performance

By Sudip Kar-Gupta and Atul Prakash

LONDON, Dec 23 (Reuters) - European shares surged on Wednesday, boosted by gains in commodities stocks on the back of stronger metals and crude oil prices and signs of more economic stimulus measures in China, the world's largest metals consumer.

In the last full trading session before the Christmas holiday break, the FTSEurofirst 300 index of top European shares closed 2.8 percent higher at 1,440.87 points. The euro zone's Euro STOXX 50 advanced 2.3 percent, Britain's FTSE 100 index rose 2.6 percent and Germany's DAX climbed 2.3 percent.

The European basic resources index surged 6.4 percent, the biggest one-day percentage rise since late August, while the oil and gas index gained 4.7 percent.

"Resource shares continue to lead the bounce back ... Brent crude above $35 per barrel and copper above $2 per lb should be enough to fend off commodity sector bears into the year end," said Jasper Lawler, Analyst at CMC Markets.

London-listed mining stocks dominated the list of Europe's top performing shares on stronger London copper prices, with Glencore and Anglo American rising 8.4 percent and 9.1 percent respectively.   Continuación...