European shares rise as firmer miners offset Brexit, HSBC concerns

lunes 22 de febrero de 2016 07:54 GYT
 

* Firmer mining stocks help European shares rise

* HSBC lower after results

* Telecom Italia up on Vivendi move (Adds details, updates prices)

By Danilo Masoni

MILAN, Feb 22 (Reuters) - European stocks rose on Monday as firmer mining company shares helped to offset concerns about Britain's potential exit from the European Union and a fall in HSBC's shares.

The pan-European FTSEurofirst 300 index gained 1.4 percent by the middle of the trading session, though it is still down nearly 10 percent since the start of 2016 due to concerns about a global economic slowdown.

Britain's FTSE 100 was up 1.2 percent, while Germany's DAX gained 1.9 percent and France's CAC rose 1.7 percent.

Mining stocks were among the best performers, with Anglo American rising 7.3 percent, as the price of copper reached a two-week high.

Metals prices were boosted after an uptick in China's steel industry sparked hope for a revival in metals demand, given China's role as the world's biggest consumer of metals.   Continuación...