{"id":22497,"date":"2022-06-06T09:58:59","date_gmt":"2022-06-06T09:58:59","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2022\/06\/06\/european-shares-advance-as-investors-look-to-ecb-meeting\/"},"modified":"2022-06-06T09:58:59","modified_gmt":"2022-06-06T09:58:59","slug":"european-shares-advance-as-investors-look-to-ecb-meeting","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2022\/06\/06\/european-shares-advance-as-investors-look-to-ecb-meeting\/","title":{"rendered":"European Shares Advance As Investors Look To ECB Meeting"},"content":{"rendered":"
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European stocks were sharply higher on Monday as investors cheered reports suggesting that the United States is mulling lifting some tariffs on China to fight inflation.<\/p>\n

Investors and policymakers await the release of U.S. inflation data this week after EU inflation shocked many with a record high reading last week.<\/p>\n

Market participants also await a European Central Bank (ECB) policy meeting later this week for confirmation whether the central bank will raise rates at the July 21 policy meeting.<\/p>\n

The pan European Stoxx 600 rose 0.90 percent to 444.07 after closing 0.3 percent lower on Friday. <\/p>\n

The German DAX rallied 1 percent, France’s CAC 40 index jumped 1.2 percent and the U.K.’s FTSE 100 was up 1.4 percent. <\/p>\n

British Prime Minister Boris Johnson will face a confidence vote later today after a growing number of lawmakers in the governing Conservative Party questioned the British leader’s flagging authority over the “partygate” scandal.<\/p>\n

Miners Anglo American, Antofagasta and Glencore all jumped over 3 percent as London copper prices scaled to their highest in more than one month on hopes that the United States would cut tariffs on Beijing.<\/p>\n

Oil & gas firm BP Plc rallied 2.8 percent and Royal Dutch Shell climbed 2.2 percent as crude oil prices neared $120 a barrel after Saudi Arabia raised prices for customers in Asia.<\/p>\n

Auto parts supplier Melrose Industries soared 4.3 percent after it agreed to sell its ergonomic business<\/span> Ergotron to private-equity firm The Sterling Group for \u00a3520 million in cash.<\/p>\n

Clontarf Energy shares plunged 69 percent after its partner Western Gas said its Sasanof-1 exploration well off Western Australia found no hydrocarbons.<\/p>\n

Banks traded higher on expectations that they would benefit from rising interest rates. Commerzbank, Deutsche Bank and BNP Paribas gained 2-3 percent. <\/p>\n<\/p>\n

Business News<\/p>\n<\/div><\/div>\n