European stocks rise to near 1-year high on commodity gains
* STOXX 600 at highest since late Feb 2020
* Miners, banks, energy stocks jump
* Vivendi tops STOXX 600 on plan to distribute 60% of UMG capital (Updates to close)
By Sagarika Jaisinghani and Ambar Warrick
Feb 15 (Reuters) - European shares ended at a near one-year high on Monday as major resource stocks benefited from expectations of a swift economic recovery, while Vivendi VIV.PA led gains on its planned capital distribution from Universal Music.
The pan-European STOXX 600 .STOXX rose 1.3% to its highest since late February 2020, with Rio Tinto RIO.L , BHP Group BHPB.L and Anglo American AAL.L bolstering the index as copper prices leapt to a more than eight-year high.
Banks .SX7P and energy stocks .SXEP also climbed as a so-called "recovery trade" sparked demand for sectors that had underperformed the broader index following early 2020's coronavirus-driven crash.
Metal and oil prices rose as investors bet on fresh U.S. stimulus and major vaccine programs spurring a resurgence in commodity demand.
Vivendi SE topped the STOXX 600 with a 19.6% jump after the French conglomerate said it intended to distribute 60% of Universal Music's capital to investors.
Shares of Groupe Bollore BOLL.PA , which has a 27% stake in Vivendi, jumped 14.6%.
Anticipation of more U.S. stimulus measures was bolstered after President Joe Biden on Friday turned to a bipartisan group of local officials for help on his $1.9 trillion coronavirus relief plan.
Historic monetary and fiscal stimulus has helped the benchmark STOXX 600 rebound about 55% since slumping to a more than seven-year low in March 2020, although it has lagged the U.S. S&P 500 .SPX due to prolonged lockdowns in Europe.
A recent Reuters poll found the euro zone economy was in a double-dip recession and that economists now expect GDP to contract 0.8% in the first quarter, reversing an earlier forecast for growth of 0.6%.
Adding to doubts over a euro zone recovery, data showed industrial production shrank more that expected in December under the weight of falling output of capital and non-durable consumer goods, confirming an economic contraction in the fourth quarter.
However, analysts said a global economic recovery was set to benefit euro zone sectors that were exposed to trade.
"New orders for manufacturing continue to grow quickly and the rest of the world continues to recover, which bodes well for the start of 1Q in terms of exports and production," ING analysts wrote in a note.
"This makes manufacturing the bright spot in an otherwise downbeat short-term outlook."
Trading volumes were thin for the day, with markets in China, Hong Kong and the United States shut for local holidays.
Reporting by Sagarika Jaisinghani in Bengaluru; Editing by Sriraj Kalluvila and Jan Harvey
免責聲明: XM Group提供線上交易平台的登入和執行服務，允許個人查看和/或使用網站所提供的內容，但不進行任何更改或擴展其服務和訪問權限，並受以下條款與條例約束：（i）條款與條例；（ii）風險提示；（iii）完全免責聲明。網站內部所提供的所有資訊，僅限於一般資訊用途。請注意，我們所有的線上交易平台內容並不構成，也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。