AgenciesMiners and luxury firms lifted European shares on Wednesday after strong data from China brought relief to investors fearful of an economic slowdown, while declines in shares of euro-zone's biggest bank BNP Paribas kept gains in check.
The continent-wide STOXX 600 rose 0.2% by 0812 GMT, kicking off the month on steady ground following a solid start to the year.
China's factory sector grew in February at the fastest pace in more than a decade, an outlier in Asia, where manufacturing growth stalled elsewhere.
Luxury giants such as LVMH, Kering, Pernod Ricard and Hermes International, that have a big exposure to China, rose between 1.7% and 2.1%.
The European basic resources index jumped 3.0%.
BNP Paribas fell 2.9% after the Belgian state participation agency SFPI said the country is preparing the sale of a third of its 7.8% equity stake in the bank
The continent-wide STOXX 600 rose 0.2% by 0812 GMT, kicking off the month on steady ground following a solid start to the year.
China's factory sector grew in February at the fastest pace in more than a decade, an outlier in Asia, where manufacturing growth stalled elsewhere.
Luxury giants such as LVMH, Kering, Pernod Ricard and Hermes International, that have a big exposure to China, rose between 1.7% and 2.1%.
The European basic resources index jumped 3.0%.
BNP Paribas fell 2.9% after the Belgian state participation agency SFPI said the country is preparing the sale of a third of its 7.8% equity stake in the bank
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