European Stocks Rise on Asia Gains
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stock performanceCNBC
•European stocks higher as mining stocks lead gains; Swiss central bank cuts rates
87% Informative
The pan-European Stoxx 600 was up around 1% at around 10:08 a.m. time, with almost all sectors and major bourses in positive territory.
Mining stocks led the gains, with tech and household goods stocks both around 3% higher.
Oil and gas stocks, however, fell more than 2.6% as crude prices dropped on a Financial Times report that Saudi Arabia is preparing to scrap its unofficial oil price target.
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