European shares open higher on mining

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By MG News | June 06, 2022 at 12:54 PM GMT+05:00

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June 06, 2022: European shares rose on Monday helped by miners and luxury stocks as China eased more COVID-19 restrictions, while investors kept an eye out for U.S. inflation data and details from a European Central Bank meeting later this week.

The pan-European STOXX 600 index rose 0.6% by 0719 GMT after ending 0.9% lower last week on concerns of aggressive monetary policy tightening by major central banks.

Miners rose 1.2%, while luxury stocks were the top boosts to the STOXX 600. Both sectors derive significant demand from China and rose after authorities eased more curbs in Beijing and Shanghai over the weekend.

London's commodities heavy FTSE 100 jumped 1.1% after an extended weekend. British Prime Minister Boris Johnson will face a confidence vote by lawmakers in the governing Conservative Party later on Monday, the chairman of the 1922 Committee Graham Brady has told lawmakers.

Reuters

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43.54M
0.20%
263.01
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226.53M
0.28%
228.80
KSE30 40,030.22
21.89M
0.21%
84.78
KMI30 190,954.96
24.68M
0.13%
256.91
KMIALLSHR 55,122.30
108.61M
0.09%
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BKTi 34,791.64
3.46M
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OGTi 28,570.28
2.13M
-0.59%
-169.07
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Name Last High/Low Chg/%Chg
BITCOIN FUTURES 109,680.00 110,525.00
109,600.00
-735.00
-0.67%
BRENT CRUDE 68.71 68.89
68.42
-0.09
-0.13%
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0.00
-0.75
-0.76%
ROTTERDAM COAL MONTHLY 108.45 109.80
108.45
-0.55
-0.50%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 67.00 67.18
66.72
0.00
0.00%
SUGAR #11 WORLD 16.37 16.40
15.44
0.79
5.07%

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