Europe Shares Open Higher Backed by Miners

By Yomna Yasser On Jul 3, 2012

European stock markets moved higher at the open on Tuesday, helped by gains for mining stocks. The Stoxx Europe 600 index (XX:SXXP) +0.44%rose 0.2% to 255.45, with shares of Barclays PLC (UK:BARC) +0.56% BCS +4.56% choppy, paring back a sharp opening loss to a drop of 0.3% after Chief Executive Officer Bob Diamond resigned.

The German DAX 30 index (DX:DAX) +0.48% rose 0.4% to 6,520.53, led by a 1% gain for Allianz SE (DE:ALV) +1.08% .

The French CAC 40 index (FR:PX1) +0.39% rose 0.4% to 3,252.42, and the FTSE 100 index (UK:UKX) +0.23% rose 0.3% to 5,656.44.

Among miners, shares of Rio Tinto PLC (UK:RIO) +1.72% RIO +0.79% rose over 1%.