European shares supported by gains in mining and oil companies

lunes 6 de junio de 2016 04:39 GYT
 

(ADVISORY- Reuters plans to replace intra-day European and UK stock market reports with a Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets for site in development. See the bottom of the report for more details)

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By Sudip Kar-Gupta

LONDON, June 6 (Reuters) - European stocks steadied on Monday after falling at the end of last week in the wake of weak U.S. jobs data, as gains in the shares of major mining and oil companies propped up the region's markets.

The pan-European STOXX 600 and FTSEurofirst 300 equity indexes were both flat, having fallen around 1 percent on Friday.

Last Friday's weak U.S jobs data hit the U.S. dollar, but this in turn gave a lift to the commodity sector, since a weaker dollar makes commodities priced in that currency more affordable for consumers paying with other currencies.

Mining stocks such as Anglo American, Rio Tinto and BHP Billiton rose more than 5 percent as the price of copper climbed to its highest level in around 4 weeks.   Continuación...