European shares hover near one-year highs; miners jump

This post was originally published on this site

https://i-invdn-com.akamaized.net/trkd-images/LYNXMPEH1F0DD_L.jpg

The pan-European STOXX 600 was up 0.2% by 0802 GMT, after jumping 1.3% in the previous session to its highest level since February 2020. The index is about 14% below its all-time high.

Glencore jumped 3.3% after reinstating its dividend, while BHP Group (NYSE:BHP) rose 0.3% as the world’s largest listed miner posted its best first-half profit in seven years and declared a record interim dividend.

The European mining index jumped 1.5% to its highest level since July 2011.

Investor focus will shift to a flash reading of the euro zone’s fourth-quarter GDP estimate later in the day, with Reuters economists expecting the economy to have contracted 5.1% year-on-year.

Add Comment