European shares supported by gains in mining and oil companies

lunes 6 de junio de 2016 12:34 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 edged up on Monday, helped by gains in major mining and oil company shares following weakness in the dollar prompted by Friday's weak U.S. jobs data.

The pan-European STOXX 600 and FTSEurofirst 300 equity indexes rose 0.3 and 0.4 percent respectively, having fallen around 1 percent on Friday.

European shares were led up by Britain's FTSE 100, which rose 1 percent and is heavily weighted in commodity-related shares.

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.

The STOXX Europe 600 Basic Resources sector rose 4.3 percent, boosted by a rise for miners.   Continuación...