European Stocks Edged Higher as Euro, Iron Ore and U.S. Jobs Rise

European shares

European equities edged higher, buoyed by commodities companies as iron ore climbed and after strong U.S. jobs data boosted optimism in economic growth in the world’s largest economy. The dollar held gains and the euro climbed.

ArcelorMittal, BHP Billiton Plc and Anglo American Plc led gains among miners and steelmakers as prices for the metal also advanced.

Industrial data in Europe is due this week. U.K. factory output for June is due on Thursday. After Monday’s industrial production for Germany, Italy is on Wednesday and France on Friday.

The Stoxx Europe 600 Index climbed 0.1 percent to 382.90, its highest in more than a week on a closing basis.

The U.K.’s FTSE 100 Index advanced 0.3 percent to its highest in two months. Germany’s DAX rose 0.2 percent.

The MSCI All-Country World Index climbed 0.2 percent to the highest on record.

The S&P 500 Index Futures added 0.2 percent, the highest on record and the biggest gain in a week.

Germany’s 10-year yield fell less than one basis point to 0.46 percent while Britain’s 10-year yield climbed one basis point to 1.181 percent.

The yield on 10-year Treasuries increased one basis point to 2.27 percent.

The euro climbed 0.1 percent to $1.1788.

The British pound also increased 0.1 percent to $1.3052.

Gold went down 0.1 percent to $1,257.88 an ounce. Copper advanced 0.1 percent to $2.89 a pound and Iron ore added almost 3 percent.


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