European Stocks Rise After Holiday With Miners, Energy Leading [Financial Post (Toronto, Ontario, Canada)]
BE SMCNDCTR INDUS S/ADR (BESIY)
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — European equities rose as trading resumed following a holiday, with gains led by miners and energy stocks. Investors were focused on the path of interest rates after US manufacturing data on Monday. The Stoxx Europe 600 rose 0.3% as of 8:12 a.m. in London. Miners led gains. Energy stocks outperformed as oil advanced to a fresh five-month high, with heightened geopolitical risks in the Middle East and tighter supply from Mexico helping to buoy prices. Real estate shares lagged. Article content Article content Among individual movers, BE Semiconductor Industries NV jumped after getting an upgrade at Barclays Plc. UBS Group AG is also in focus after it said it would begin a new share buyback program of up to $2 billion beginning in 2024. Bond traders priced in less monetary-policy easing by the Federal Reserve this year after a gauge of US manufa
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