European markets higher; mining stocks lead gains
European stock markets were higher Tuesday after the long Easter weekend.
The pan-European Stoxx 600 index was up 0.4% in morning trade, with most sectors and major bourses trading in the green.
Mining stocks pared earlier gains of 3% but still led the pack with a 2.5% uptick. Autos followed with a 1.9% increase, while food and beverages led losses with a 0.5% downturn.
Stock markets closed higher Thursday after three straight sessions of marginal losses last week.
U.S. non-farm payrolls data was roughly in line with expectations Friday, and investors are now looking ahead to U.S. inflation data set for release Wednesday. Earnings data is also expected later in the week from JPMorgan, Wells Fargo and Citi.
U.S. stock futures rose slightly on Monday evening as investors look toward the release of economic data later this week, while stocks in the Asia-Pacific mostly rose on Tuesday as the Bank of Korea held interest rates at 3.5%, in line with expectations.
This report’s information was first seen on CNBC; to read more, click this link.