(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 rose 0.1% to hit a fresh all-time high in early trading, with miners rallying 2.2% on the back of strong metal prices.
UK’s commodity-heavy FTSE 100 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, easyJet and Wizz Air, 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 surged 10.8% after revealing plans to build a new manufacturing site for its vaccines based on messenger RNA technology (mRNA) in Singapore. (Reporting by Sruthi Shankar in Bengaluru; Editing by Anil D’Silva)
The Link LonkMay 10, 2021 at 02:21PM
https://www.reuters.com/article/europe-stocks/european-stocks-hit-fresh-record-high-as-miners-rally-idUSL4N2MX1U0
European stocks hit fresh record high as miners rally - Reuters
https://news.google.com/search?q=fresh&hl=en-US&gl=US&ceid=US:en
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