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The pan-European STOXX 600 index rose 0.3% in its sixth straight session of gains and was on course to end the week higher. Miners jumped 1.2%, lifting UK’s commodity-heavy FTSE 100 by 0.6% after data showed Britain’s economic output in April was a record 27.6% larger than a year before. Travel and leisure stocks bounced from the previous session’s drop. Spanish hotel chain Melia rose 0.7% after its chief executive forecast a return to profitability in June after 15 months in the red. Swiss computer peripheral maker Logitech and Germany’s Deutsche Bank fell more than 3% each, becoming the top drags on the STOXX 600.
Persons: “ Price, reinsurer Scor, Covea, Sruthi Shankar, Subhranshu Sahu Organizations: Miners, European Central Bank, ECB, BCA Research, Bank of, Logitech, Germany’s Deutsche Bank Locations: Europe, Swiss, Bengaluru
The pan-European STOXX 600 index rose 0.7% in its sixth straight session of gains and ended the week 1.1% higher, its best weekly performance since early May. Miners jumped 1.9%, lifting UK’s commodity-heavy FTSE 100 by 0.7% after data showed Britain’s economic output in April was a record 27.6% larger than a year before. Travel and leisure stocks bounced from the previous session’s drop. Spanish hotel chain Melia rose 2.0% after its chief executive forecast a return to profitability in June after 15 months in the red. Bank of America’s data showed equity funds saw tiny inflows in the week to Wednesday as investors cut positions in high-growth U.S. stocks while adding some in Europe.
Persons: “ Price, , Michael Hewson, reinsurer Scor, Covea, Sruthi Shankar, Shreyashi Sanyal, Subhranshu Sahu Organizations: Miners, European Central Bank, ECB, BCA Research, British Airways, CMC Markets, London . Bank of Locations: Europe, London ., Bengaluru
European stocks extend gains for sixth day
  + stars: | 2021-06-11 | by ( Reuters Staff | ) www.reuters.com sentiment -0.97   time to read: +1 min
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)June 11 (Reuters) - European stocks extended gains for a sixth session on Friday, buoyed by hopes that major central banks will stay accommodative despite signs of rising inflation, while gains in miners and travel firms supported regional indexes. The pan-European STOXX 600 index rose 0.1% by 0715 GMT and was on course for a fourth straight weekly gain. Miners jumped 1.0%, boosting UK’s commodity-heavy FTSE 100 by 0.3%, while travel and leisure stocks bounced from the previous session’s drop. Dutch tech investor Prosus rose 0.7% as it said it expected full-year earnings per share to have nearly doubled in the past year. (Reporting by Sruthi Shankar in Bengaluru; Editing by Subhranshu Sahu)
Persons: reinsurer Scor, Sruthi Shankar, Subhranshu Sahu Organizations: Miners Locations: Dutch, Bengaluru
Auto, travel firms weigh on European shares ahead of ECB meeting
  + stars: | 2021-06-10 | by ( Sruthi Shankar | ) www.reuters.com + 0.00   time to read: +2 min
(Reuters) -European stocks slipped on Thursday as automakers and travel stocks fell after a recent run of gains, while investors counted on the European Central Bank to maintain an accommodative policy stance at a meeting later in the day. Automakers fell for the third straight day, while travel and leisure stocks dropped 1.1% following recent gains for the sectors on optimism about economic re-openings. Euro zone stocks fell 0.2% ahead of the ECB’s policy decision and its projections for euro zone economic growth and inflation. The meeting comes as recent data from across the globe point to building inflationary pressures, particularly in commodities, as economies recover from long COVID-19 lockdowns. Euro zone inflation last month exceeded the central bank’s target of just under 2%, a mark it has undershot for most of the last decade.
Persons: Christine Lagarde’s, pare Organizations: Reuters, European Central Bank, REUTERS, Staff, Volkswagen, RBC Capital Markets, BT Group, Altice, Spotify, Apple Music Locations: Frankfurt, Germany
(Reuters) -European stocks inched to fresh peaks on Thursday as the European Central Bank raised its recovery outlook and promised to keep ample stimulus flowing, while travel stocks fell after a recent run of gains. REUTERS/StaffThe pan-European STOXX 600 index was up just 0.1%, but at a fresh record high of 455.76 points, while the narrower index of euro zone stocks fell 0.1%. The central bank now sees 2021 euro zone economic growth at 4.6%, above the 4% projected in March. “The ECB’s main mission today was to avoid any taper talk and not harm the still tentative economic recovery or allow bond yields to surge prematurely,” said Carsten Brzeski, global head of macro at ING. “It accomplished its mission: the ECB seems to have bought some time without starting the taper talk.”Interest rate-sensitive banking stocks rose 0.4%, while tech stocks rose 0.9%.
Persons: Christine Lagarde, , Carsten Brzeski, pare Organizations: Reuters, European Central Bank, REUTERS, Staff, ECB, ING, Federal Reserve, Volkswagen, BT Group, Altice, Spotify, Apple Music Locations: Frankfurt, Germany
Auto, oil firms weigh on European shares ahead of ECB
  + stars: | 2021-06-10 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)June 10 (Reuters) - European stocks inched lower on Thursday as energy and automakers’ shares slipped, with investors focused on a European Central Bank meeting later in the day. The pan-European STOXX 600 index slipped 0.1% by 0713 GMT, snapping a four-day winning streak. Automakers slid nearly 1%, while oil and gas sector shed 0.9%. Euro zone stocks fell 0.2%, ahead of the ECB policy decision and its projections for economic growth and inflation. French digital music company Believe, which helps to distribute music via deals with platforms such as Spotify and Apple Music, dropped 10.2% in its stock market debut.
Persons: Sruthi Shankar, Sriraj Kalluvila Organizations: , European Central Bank, BT Group, U.S, Altice, Spotify, Apple Music Locations: Bengaluru
(Reuters) -European stocks steadied near record highs on Wednesday, with investors holding off on taking big bets ahead of a policy decision from the European Central Bank and U.S. inflation reading later this week. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 8, 2021. REUTERS/Staff/File photoThe pan-European STOXX 600 index slipped 0.1% in morning trade, but stayed just short of a record high of 455.66 hit in the previous session. The wider travel and leisure index rose 0.7% as many European economies charted their way out of COVID-19 lockdowns. “Inflation is creating uncertainty about what central banks will do or say going forward,” said Emmanuel Cau, European equity strategist at Barclays.
Persons: IAG, Germany’s DAX, , Emmanuel Cau, SalMar Organizations: Reuters, European Central Bank, REUTERS, Staff, Air France KLM, Lufthansa, British Airways, U.S, CDC, Big, Rio Tinto, BHP Group, CAC, U.S . Federal, ECB, Barclays, , Danone, RBC Locations: Frankfurt, Germany, COVID, Rio, American, , Oslo
(Reuters) -European stocks remained near record highs on Wednesday, with investors holding off on taking big bets ahead of a policy decision from the European Central Bank and a U.S. inflation reading later this week. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 8, 2021. REUTERS/Staff/File photoThe pan-European STOXX 600 index closed 0.1% higher, but stayed just short of a record high of 455.66 hit in the previous session. The wider travel and leisure index rose 0.9% as many European economies charted their way out of COVID-19 lockdowns. Oslo-based salmon farmer SalMar fell 5.3% to the bottom of the STOXX 600 after it completed a private placement deal.
Persons: IAG, Germany’s DAX, , Chris Beauchamp, Emmanuel Cau, SalMar Organizations: Reuters, European Central Bank, REUTERS, Staff, Air France KLM, Lufthansa, British Airways, U.S . Centers for Disease Control, Prevention, Big, Rio Tinto, BHP Group, CAC, IG, U.S, U.S . Federal, ECB, Barclays, , Danone, RBC Locations: U.S, Frankfurt, Germany, COVID, Rio, American, U.S ., , Oslo
European shares linger near record levels, airlines rise
  + stars: | 2021-06-09 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)June 9 (Reuters) - European stocks held steady near all-time highs, with investors holding off on taking big bets ahead of a policy decision from the European Central Bank and U.S. inflation reading later this week. The pan-European STOXX 600 index was flat in early trading, just short of a record high of 455.66 hit in the previous session. Airlines, including Air France KLM, Lufthansa and British Airways-owner IAG, rose more than 1% after the U.S. CDC said it was easing travel recommendations on 110 countries and territories. Spanish retail giant Inditex rose 1.3% after reporting a first-quarter net profit of 421 million euros ($513 million) that easily beat analysts’ expectations. French food group Danone slipped 1.5% after RBC downgraded the stock to “under perform”.
Persons: IAG, Sruthi Shankar, Sriraj Kalluvila Organizations: European Central Bank, Airlines, Air France KLM, Lufthansa, British Airways, U.S, CDC, Danone, RBC Locations: Bengaluru
Travel, real estate stocks take European shares to fresh peaks
  + stars: | 2021-06-08 | by ( Sruthi Shankar | ) www.reuters.com sentiment -1.00   time to read: +2 min
(Reuters) -European stocks hit new highs on Tuesday, lifted by travel and real estate shares, but weak German industrial output data and doubts over the United Kingdom lifting restrictions later this month capped gains. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 7, 2021. REUTERS/StaffThe pan-European STOXX 600 index was flat after notching a record high earlier, with sectors considered more stable such as real estate and telecoms leading the gains. The travel and leisure index rose 0.7%, supported largely by gains in low-cost carrier easyJet after Goldman Sachs upgraded the stock to “buy”. Swiss contract drugmaker Lonza gained 4.5% after Goldman Sachs upgraded the stock to “buy”, while German airline Lufthansa fell 2.9% after the brokerage downgraded the stock to “sell”.
Persons: Goldman Sachs, , Teeuwe Mevissen, drugmaker Lonza Organizations: Reuters, REUTERS, Staff, Rabobank, , Tobacco, Times, Global, European Central Bank, ECB, Federal Reserve, German, Lufthansa Locations: United Kingdom, Frankfurt, Germany
European shares at fresh peaks as travel, real estate stocks lead
  + stars: | 2021-06-08 | by ( Sruthi Shankar | Shreyashi Sanyal | ) www.reuters.com sentiment -1.00   time to read: +2 min
(Reuters) -European stocks hit new highs on Tuesday, lifted by travel and real estate shares, but weak German industrial output data and doubts over Britain lifting restrictions later this month capped gains. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 7, 2021. The travel and leisure index rose 1.8%, supported largely by gains in low-cost carrier easyJet after Goldman Sachs upgraded the stock to “buy”. German stocks fell 0.2% after data showed industrial output fell unexpectedly in April, in a further sign that semiconductor shortages and other supply bottlenecks are hampering the recovery in Europe’s largest economy. Global markets were mixed ahead of a policy meeting of the European Central Bank and U.S. inflation data this week.
Persons: Goldman Sachs, , Andrew Kenningham, drugmaker Lonza Organizations: Reuters, REUTERS, Staff, Capital Economics, Tobacco, Times, European Central Bank, ECB, Federal Reserve, German, Lufthansa Locations: Frankfurt, Germany, Europe
Utilities, telecoms support European stocks; autos slide
  + stars: | 2021-06-08 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)June 8 (Reuters) - European stocks inched higher on Tuesday, lifted by utilities and telecom shares, although weak German industrial output data and doubts over the United Kingdom lifting restrictions later this month capped gains. The pan-European STOXX 600 index rose 0.2% by 0713 GMT - holding below all-time highs - with sectors considered more stable such as utilities, real estate and telecoms leading the gains. Data showed German industrial output fell unexpectedly in April, in a further sign that semiconductor shortages and other supply bottlenecks are hampering the recovery in Europe’s largest economy. Automakers slid 0.8% after a six-day rally that took the index close to its record peak. Swiss contract drugmaker Lonza gained 3.6% after Goldman Sachs upgraded the stock to “buy”, while British American Tobacco rose 1.9% after raising its annual revenue growth forecast.
Persons: drugmaker Lonza, Goldman Sachs, Sruthi Shankar, Sriraj Kalluvila Organizations: British, Tobacco Locations: United Kingdom, Swiss, Bengaluru
European shares hover near record highs; commodity stocks weigh
  + stars: | 2021-06-07 | by ( Sruthi Shankar | ) www.reuters.com sentiment -0.99   time to read: +2 min
(Reuters) -European stocks held near record highs on Monday as losses in commodity-linked shares sparked by downbeat China export data more than offset another run of gains in automakers. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 4, 2021. Among the bright spots, the European automobiles and parts index hit its highest since March 2015, extending a 5.3% rally from last week. Italian lender Unicredit jumped 2.6% after Jefferies upgraded the stock to “buy” from “hold”. [GVD/EUR]French vouchers and cards provider Edenred rose 2.7% after Deutsche Bank upgraded the stock to “buy”.
Persons: ” Carsten Brzeski, Unicredit, Jefferies Organizations: Reuters, REUTERS, Staff Miners, European Central Bank, ING, ECB, Deutsche Bank Locations: China, Frankfurt, Germany, Iran, coronavirus, ,
(Reuters) -European stocks hit record highs on Monday as another run of gains in automakers more than offset early declines in commodity-linked shares sparked by downbeat China export data. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 7, 2021. REUTERS/StaffThe European automobiles and parts index rose 0.9% to reach its highest since March 2015, extending a 5.3% rally from last week. The continent-wide STOXX 600 index added 0.2%, with global investors now eyeing a European Central Bank meeting later this week. French vouchers and cards provider Edenred rose 3.6% after Deutsche Bank upgraded the stock to “buy”.
Persons: ” Carsten Brzeski, Unicredit, Jefferies Organizations: Reuters, REUTERS, Staff, European Central Bank, ECB, BlackRock, Federal Reserve, ” Miners, ING, Deutsche Bank Locations: China, Frankfurt, Germany, Iran, coronavirus,
Commodity shares knock Europe off record highs
  + stars: | 2021-06-07 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)June 7 (Reuters) - European stocks eased from all-time highs on Monday, with commodity shares leading the declines, as sentiment soured after weaker-than-expected China trade data and worries about inflation. Miners fell more than 1% as copper prices dipped after a lower-than-expected Chinese exports data sparked concerns of weakening demand for the red metal. Oil and gas stocks also declined more than 1% as crude prices pulled back ahead of talks this week between Iran and world powers over a nuclear deal that is expected to boost crude supplies. The continent-wide STOXX 600 index fell 0.3% after closing at a record high on Friday, with global investors in a cautious mood ahead of U.S. inflation data later this week. French vouchers and cards provider Edenred rose 1.9% after Deutsche Bank upgraded the stock to “buy”.
Persons: Sruthi Shankar, Sriraj Kalluvila Organizations: Miners, Deutsche Bank Locations: China, Iran, Bengaluru
(Reuters) -European stocks ended at a record high on Friday as weak U.S. payrolls data pointed to lower chances of early policy tightening, while optimism over a euro zone economic recovery buoyed most sectors. REUTERS/StaffThe pan-European STOXX 600 index rose 0.4% to a new closing high of 452.57, having earlier hit an all-time high of 452.71. Technology stocks rose 1.2% and were the best performers for the day, led by Austrian chipmaker AMS. Global stocks rose after data showed U.S. non-farm payrolls rose less than expected in May, leading many to tone down expectations for hawkish signals from the Federal Reserve. The dovish outlook on lending rates weighed on government bond yields, which in turn saw European bank stocks fall 0.9%.
Persons: , IAG, easyJet, William Ackman’s, Tontine Organizations: Reuters, REUTERS, Staff, Austrian, AMS, Brands, Federal Reserve, Fed, European Central Bank, ECB, BCA Research, Ford, General Motors, British Airways, Wizz, Ryanair, Vivendi, Universal Music Locations: Frankfurt, Germany, U.S, Britain, Portugal, Egypt, Sri Lanka, England, Europe
European stocks slip ahead of data deluge, UK shares lag
  + stars: | 2021-06-03 | by ( Sruthi Shankar | ) www.reuters.com sentiment -1.00   time to read: +2 min
(Reuters) -European stocks slipped from all-time highs on Thursday, as investors awaited U.S. economic data to gauge the future path of monetary policy, while rating actions and ex-dividend trading knocked UK shares lower. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 2, 2021. REUTERS/StaffThe pan-European STOXX 600 index was down 0.2%, with miners and utilities leading the decliners. Construction materials group Saint-Gobain gained 3.9% after forecasting record operating income and margin in the first half of the year. Britain’s biggest telecom group BT group slipped 2.9% after Deutsche Bank downgraded the stock to “sell”, saying it is overvalued.
Persons: pare, Edward Park, Brooks Macdonald, , Wall, Remy Cointreau Organizations: Reuters, REUTERS, Staff, National Grid, Kingfisher, Federal, BT, Deutsche Bank Locations: Frankfurt, Germany
(Reuters) -European stocks pared losses on Thursday as upbeat eurozone business growth data and strong U.S. jobs data lifted sentiment on a dull day of trading, while rating actions and ex-dividend trading knocked UK shares lower. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 2, 2021. REUTERS/StaffThe pan-European STOXX 600 index was down 0.1% after falling as much as 0.8% earlier in the session. Construction materials group Saint-Gobain gained 4.2% after forecasting record operating income and margin in the first half of the year. Britain’s biggest telecom group BT group fell 1.9% after Deutsche Bank downgraded the stock to “sell”, saying it is overvalued.
Persons: , Jack Allen, Reynolds, “ Price, Wall, Remy Cointreau Organizations: Reuters, REUTERS, Staff, National Grid, Kingfisher, Capital Economics, BT, Deutsche Bank Locations: Frankfurt, Germany, Europe
European stocks slip ahead of data deluge
  + stars: | 2021-06-03 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)June 3 (Reuters) - European stocks slipped on Thursday after hitting record highs earlier this week as investors looked ahead to U.S. and European economic data to gauge the future path of monetary policy. The pan-European STOXX 600 index was down 0.1% by 0712 GMT, in line with cautious moves in Asian stocks. The top drag on the STOXX index was Swiss drugmaker Roche , down 1.0%, after Societe Generale downgraded the stock to “hold”. French spirits group Remy Cointreau rose 3.9% as it topped estimates for full-year operating profit growth and handed investors an 85% dividend hike. French construction materials group Saint-Gobain gained 3.2% after forecasting record operating income and margin in the first half of the year.
Persons: Swiss drugmaker Roche, Remy Cointreau, Sruthi Shankar, Sriraj Kalluvila Organizations: Societe Generale Locations: Swiss, Bengaluru
European shares hover near record highs as energy, consumer stocks bounce
  + stars: | 2021-06-02 | by ( Sruthi Shankar | ) www.reuters.com sentiment -0.99   time to read: +2 min
(Reuters) -European stocks inched toward record levels on Wednesday, helped by energy and consumer stocks, while strong economic data from U.S. and Europe buoyed investor sentiment. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 1, 2021. REUTERS/StaffThe pan-European STOXX 600 index rose 0.1%, holding just below its all-time high hit in the previous session. However, investors have taken comfort from reassurances from the U.S. Federal Reserve and European Central Bank policymakers about the price rise being transitory. Danish luxury TV and stereo maker Bang & Olufsen jumped 9.3% after providing an upbeat full-year earnings forecast.
Persons: Stocks, Olufsen, Rainer Beaujean Organizations: Reuters, REUTERS, Staff, , Generali Investments, U.S . Federal Reserve, European Central Bank, Volvo, UD Trucks, ProsiebenSat Locations: Europe, Frankfurt, Germany, Swedish,
(Reuters) -European stocks stayed near record levels on Wednesday, helped by energy and consumer stocks, while strong economic data from the United States and Europe buoyed investor sentiment in a mostly quiet day of trading. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 2, 2021. REUTERS/StaffThe pan-European STOXX 600 index traded 0.3% higher, holding just below its all-time high hit in the previous session. However, investors have taken comfort from reassurances from the U.S. Federal Reserve and European Central Bank policymakers about the price rise being transitory. Danish luxury TV and stereo maker Bang & Olufsen jumped 9.6% after providing an upbeat full-year earnings forecast.
Persons: Stocks, , Chris Beauchamp, Olufsen, Rainer Beaujean Organizations: Reuters, REUTERS, Staff, , IG, U.S . Federal Reserve, European Central Bank, Generali Investments, Volvo, UD Trucks, ProsiebenSat Locations: United States, Europe, Frankfurt, Germany, U.S, Swedish,
European stocks hover near record high as oil shares bounce
  + stars: | 2021-06-02 | by ( Reuters Staff | ) www.reuters.com + 0.76   time to read: +1 min
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)June 2 (Reuters) - European stocks inched toward record levels on Wednesday, helped by energy and consumer stocks, while strong economic data from U.S. and Europe buoyed investor sentiment. The pan-European STOXX 600 index rose 0.4% in early trading, after touching a record high in the previous session. Oil and gas stocks rose 1.1% to lead sectoral gains in Europe as crude prices extended gains after OPEC and its allies stuck to their plan to cautiously bring back oil supply to the markets in June and July. Swedish truckmaker Volvo rose 2.7% as its board is proposing that the proceeds from the sale of UD Trucks be distributed to shareholders. Danish luxury TV and stereo maker Bang & Olufsen jumped 11.9% after providing an upbeat earnings forecast for full-year.
Persons: Olufsen, Sruthi Shankar, Sriraj Kalluvila Organizations: Volvo, UD Trucks Locations: Europe, Swedish, Bengaluru
(Reuters) - European stocks hit fresh record highs on Tuesday, as strong metal and oil prices boosted shares of big commodity companies, while data showed euro zone manufacturing activity expanded at a record pace in May. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, May 20, 2021. REUTERS/StaffThe pan-European STOXX 600 index gained 0.9% in the first trading session of June, with UK’s blue-chip index rising 1.1% after a holiday on Monday. The survey suggested growth would have been even faster without supply bottlenecks that have led to an unprecedented rise in input costs. Until then, the market is embracing what we’re seeing.”Euro zone consumer prices data for May is due later in the morning.
Persons: German DAX, “ We’ve, , Keith Temperton, Glencore Organizations: Reuters, REUTERS, Staff, CAC, IHS, European Central Bank, Fed, ECB, Forte Securities, Miners, BHP Group, Oil, BP, Royal, Shell, Daimler, Nokia, Projekt Locations: Frankfurt, Germany, German, American, Warsaw
European stocks climb on commodity boost ahead of data
  + stars: | 2021-06-01 | by ( Reuters Staff | ) www.reuters.com + 0.94   time to read: +1 min
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)June 1 (Reuters) - European stocks rose on Tuesday, with commodity-linked shares leading the way on strong metal and oil prices, while investors looked ahead to the latest set of factory activity and inflation data. The pan-European STOXX 600 index gained 0.5% in the first trading session of June, hovering below a record high hit last week, with UK shares gaining 0.4% after a holiday on Monday. Miners such as Anglo American, BHP Group and Glencore climbed more than 2% each, giving the biggest boost to the STOXX 600 as prices of copper and other metals rose. Surveys earlier showed Asia’s factory activity continued to expand in May, thanks to an ongoing recovery in global demand. Investors are awaiting final readings of IHS Markit’s factory activity data for euro zone and UK, as well as consumer prices data for May.
Persons: Glencore, Sruthi Shankar, Sriraj Kalluvila Organizations: Miners, BHP Group, BP, Royal, Shell, IHS Locations: American, Bengaluru
European stocks fall from record but post fourth monthly gain
  + stars: | 2021-05-31 | by ( Sruthi Shankar | Shreyashi Sanyal | ) www.reuters.com sentiment -0.99   time to read: +2 min
(Reuters) - European stocks slipped from record highs on Monday in subdued trading due to holidays in major markets, but optimism over a swift economic recovery helped the STOXX 600 index mark its fourth straight month of gains. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, May 25, 2021. REUTERS/StaffThe pan-European index was down 0.5%, with shares in Frankfurt and Paris dropping 0.6%, each. Dovish comments from European Central Bank (ECB) policymakers, including President Christine Lagarde who said it was too early to discuss slowing its pandemic emergency bond purchases (PEPP), helped support sentiment last week. Data showed German annual consumer price inflation accelerated in May, advancing further above the European Central Bank’s target of close to but below 2%.
Persons: Assicurazioni Generali, Christine Lagarde, , Carsten Brzeski Organizations: Reuters, REUTERS, Staff, Deutsche Bank, Wall Street Journal, U.S . Federal Reserve, European Central Bank, ING Locations: Frankfurt, Germany, Paris
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