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European stocks hit fresh record high as miners rally

Published 05/10/2021, 03:17 PM
Updated 05/10/2021, 03:20 PM
© Reuters.

(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
May 10 (Reuters) - European stocks extended a record-setting
rally on Monday as optimism about the reopening of economies and
easy monetary policy lifted cyclical sectors, including mining
and financials.
The pan-European STOXX 600 index .STOXX rose 0.1% to hit a
fresh all-time high in early trading, with miners .SXPP
rallying 2.2% on the back of strong metal prices. MET/L
IRONORE/
UK's commodity-heavy FTSE 100 .FTSE rose 0.2% despite a
surge in the pound, with British Prime Minister Boris Johnson
set to announce the next phase of reopening from the COVID-19
lockdown. British Airways-owner IAG ICAG.L , easyJet EZJ.L and Wizz
Air WIZZ.L , however, fell between 1.5% and 3.4% after UK
allowed international travel to resume from May 17, but just 12
countries made the so-called "green list". German biotech company BioNTech 22UAy.DE surged 10.8%
after revealing plans to build a new manufacturing site for its
vaccines based on messenger RNA technology (mRNA) in Singapore.

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