Miners, Oil Firms Lift European Markets

European stock markets rose on Monday, as mining firms moved higher, after weak Chinese manufacturing data spurred hopes of additional monetary easing measures in the country. The Stoxx Europe 600 index rose 0.3% to 267.10.

The U.K.’s FTSE 100 index added 0.5% to 5,738.25, as miners and oil firms climbed. Rio Tinto PLC rose 1.2%, while oil group BP PLC gained 0.6%. In France, the CAC 40 index picked up 0.3% to 3,422.13. Alcatel-Lucent led the index higher, up 0.7%. Among German stocks, utility firms were on the rise, with RWE AG up 0.9% and E.ON AG 0.8% higher. The DAX 30 index traded 0.2% higher at 6,984.70.

Marketwatch