Europe Stocks Climb as Miners Rebound and PMI Data Show Growth
- BHP leads commodity producers to biggest gain on Stoxx 600
- Schneider Electric rises on report it’s weighing sale of DTN
European Stocks Surge Higher as Miners Drive Gains
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European shares rose the most in two weeks as commodity producers rebounded on higher metals prices, and data pointed to continuing economic progress in the region.
The Stoxx Europe 600 Index gained 0.9 percent to 343.6 at the close of trading. BHP Billiton Ltd. and Anglo American Plc led miners to the best performance of the 19 industry groups on the equity gauge as iron ore in China jumped to a two-week high. Data today showed the euro-area economy held its growth momentum in August, with a composite Purchasing Managers Index for the 19-nation region posting its strongest expansion in seven months. The volume of shares traded was 18 percent lower than the 30-day average.