European shares open higher on mining

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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Name	Price/Vol	%Chg/NChg
KSE100	157,363.61 288.89M	0.76% 1185.79
ALLSHR	96,424.02 1,172.56M	0.83% 793.64
KSE30	47,996.71 150.45M	0.67% 318.24
KMI30	231,800.96 199.48M	0.92% 2118.74
KMIALLSHR	64,850.56 559.35M	0.75% 483.80
BKTi	42,320.06 70.35M	0.95% 397.26
OGTi	31,643.75 10.70M	-0.29% -92.04

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	117,310.00	118,295.00 116,115.00	1485.00 1.28%
BRENT CRUDE	67.61	68.01 67.50	-0.34 -0.50%
RICHARDS BAY COAL MONTHLY	84.00	0.00 0.00	-0.40 -0.47%
ROTTERDAM COAL MONTHLY	93.50	93.50 93.50	0.15 0.16%
USD RBD PALM OLEIN	1,106.50	1,106.50 1,106.50	0.00 0.00%
CRUDE OIL - WTI	63.35	63.82 63.24	-0.70 -1.09%
SUGAR #11 WORLD	16.25	16.27 16.19	-0.02 -0.12%