European shares' rise led by commodity stocks, Immagination slumps
MILAN: European shares rose on Monday in broad-based gains led by stronger commodity stocks, while British firm Immagination Tech slumped 70 per cent after losing its major customer, Apple.
The pan-European STOXX 600 index was up 0.3 per cent, while Britain's FTSE added 0.2 per cent.
Europe's basic resources index rose 1.1 per cent, leading sectoral gainers, as copper prices inched higher, while gains in oil prices help lift the oil and gas index 0.7 per cent.
Banks were the biggest sectoral loser, down 0.4 per cent.
The pan-European STOXX 600 index was up 0.3 per cent, while Britain's FTSE added 0.2 per cent.
Europe's basic resources index rose 1.1 per cent, leading sectoral gainers, as copper prices inched higher, while gains in oil prices help lift the oil and gas index 0.7 per cent.
Banks were the biggest sectoral loser, down 0.4 per cent.
