European equities closed at a record high on Thursday after easing around real estate developer China Evergrande benefited China-focused mining stocks, while a series of strong corporate balance sheets helped sentiment.
The FTSEurofirst 300 index rose 0.34%, to 1,878 points, while the STOXX 600 index gained 0.32%, to 485 points.
The mining sector advanced 3.7%, on its best day in four months.
Miner Anglo American PLC was the best performer in the industry, jumping 5.9% after rival Russian diamond producer Alrosa posted a profit jump and pointed to a strong recovery in global demand for the gemstone.
BHP Group advanced 3.9% after saying it got approval for its climate plans. The world’s largest mining company wants to achieve zero emissions by 2050.
Iron ore and copper prices advanced after the indebted Evergrande Group managed to avoid a default once again.
Still, concerns about high global inflation limited gains, especially after a stronger-than-expected US reading.
- In London, the Financial Times index rose 0.60%, to 7,384 points.
- In Frankfurt, the DAX index rose 0.10% to 16,083 points.
- In Paris, the CAC-40 index gained 0.20% to 7,059 points.
- In Milan, the Ftse/Mib index appreciated by 0.26%, to 27,633 points.
- In Madrid, the Ibex-35 index dropped 0.54% to 9,092 points.
- In Lisbon, the PSI20 index gained 0.06%, to 5,707 points.
Reference: CNN Brasil
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