European stocks closed at their highest level in two weeks today, Tuesday, supported by the rise in shares of mining companies, thanks to the rise in metal prices and shares of NN Group, the largest insurance company in the Netherlands, with an improvement in its financial condition, while British stocks outperformed the rest of European stocks.
The pan-European STOXX 600 index closed up 1% amid widespread gains, marking its best performance for two consecutive days in more than a month.
Shares of European mining companies rose 2.1% and touched their highest level in three weeks during today’s trading, according to Reuters.
HSBC, the largest bank in Europe, and the insurance company, Prudential, which has business in China, rose 1.3% and 4%, respectively, while Barclays rose 4.2%.
The luxury goods sector rose 1.3% to close at its highest level in two weeks.
Britain’s FTSE 100 rose 1.7% to a two-week high after a public holiday on Monday.
The share of the Dutch “N.N” insurance services group jumped 10.2%, achieving the highest gain on the European index, after its financial situation improved in the first half of this year.
