Commodities-related stocks help European equities to rebound



Oct 18 European shares bounced back early on Tuesday, with commodities-related stocks leading the market higher after prices of major industrial metals and crude oil rose on a softer dollar.
The pan-European STOXX 600 index rose 1.1 percent.
The STOXX Europe 600 Basic Resources index rose 2 percent, the top sector gainer, as copper prices gained after the dollar eased from seven-month highs. Other metals, including gold, also rose as a weaker dollar made commodities cheaper for other currency holders.
The European oil and gas index also advanced 1.4 percent on the currency moves and as some... read more

 
18 October 2016 in World News, Views: 32
Source: Reuters
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