Thursday, February 02, 2012

Trading in Europe today..............

Mining stocks were the top gainers, with the STOXX Europe 600 Basic Resources index .SXPP up 2.6 percent, helped by a 10.4 percent jump in mining group Xstrata and a 5.4 percent rise in commodities trader Glencore on talks about an all-share deal that could create a combined group worth more than 50 billion pounds ($79 billion).

"This deal, if confirmed, will bring huge value to shareholders ... and bring them both into line to compete with larger mining companies," Atif Latif, director of trading equities & derivatives at Guardian Stockbrokers, said.

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