European shares supported by gains in mining and oil companies

lunes 6 de junio de 2016 06:56 GYT
 

* Mining and energy stocks among top performers

* Airline stocks fall after Barclays price target cuts

* Many investors remain cautious before "Brexit" vote (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)

By Sudip Kar-Gupta and Alistair Smout

LONDON, June 6 (Reuters) - European stocks steadied on Monday, helped by gains in major mining and oil company shares, following Friday prompted by Friday's weak U.S. jobs data.

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

The U.S jobs data hit the dollar, but this in turn gave a lift to the commodity sector, since a weaker greenback 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 four weeks.

"The mining sector is bouncing up on the back of the weaker dollar," Hantec Markets' analyst Richard Perry said.   Continuación...