Europe’s Stoxx 600 Nears 4-Year High; BHP, Tate & Lyle Advance
Nov. 25 (Bloomberg) – European stocks gained, sending the Dow Jones Stoxx 600 Index near a four-year high. BHP Billiton and Anglo American Plc advanced amid rising gold and copper prices.
“Favorable commodities and metals prices are having a strong impact on mining companies,'’ said Colin McLean, managing director of SVM Asset Management in Edinburgh with $1.9 billion, about 3 percent of which is in mining stocks. “Metals prices will remain high so I think this is part of a much longer upwards cycle.'’
Tate & Lyle Plc led gains among sugar producers after saying it will benefit from a European Union plan to scale back price cuts. Air France-KLM Group advanced after Merrill Lynch & Co. advised investors to buy the stock.
More: quote.bloomberg.com
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