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Euro 2020: Pogba joins Ronaldo as bottlegate spreads from Coca-Cola to Heineken
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Energy stocks boost British shares ahead of reopening decision
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3 Min Read
(Reuters) - European stocks hit fresh record highs on Tuesday, as strong metal and oil prices boosted shares of big commodity companies, while data showed euro zone manufacturing activity expanded at a record pace in May.
FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, May 20, 2021. REUTERS/Staff
The pan-European STOXX 600 index gained 0.9% in the first trading session of June, with UK’s blue-chip index rising 1.1% after a holiday on Monday.
The German DAX jumped 1.3% to a new record high, while France’s CAC 40 added 0.7%.
IHS Markit’s final reading of euro zone’s factory activity rose to 63.1 in May, above an initial 62.8 “flash” estimate and the highest since the survey began in June 1997.
United KingdomFTSE 100 edges lower as stronger pound offsets gains in miners
Shivani KumaresanDevik Jain
4 minute read
The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville
London s FTSE 100 dipped on Monday as weakness in industrial stocks and a stronger pound following the outcome of the Scottish election outweighed gains in miners.
The exporter-heavy index (.FTSE) dipped 0.1%, with large dollar-earning consumer staples companies, including Diageo (DGE.L), British American Tobacco (BATS.L) and Relx Plc (REL.L) slipping between 0.7% and 2.3% as the pound strengthened.
The pound climbed to as high as $1.4158, its strongest in more than two months. GBP=
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