European stocks rally as miners jump

Mining shares across Europe witnessed a spike in buying interest following China data, pushing major indices higher by at least 1.5%.

At the time of writing, Stoxx 50 index was up 1.87%. Germany’s DAX and France’s CAC were up 1.93% and 1.88% respectively. UK’s mining heavy FTSE was up 1.24%. The broader Stoxx 600 index was up 1.36%.

Major winners in Stoxx 600 index included names like UK’s Anglo American, Rio Tinto, BHP Billiton, Sweden’s Elekta B and France’s Arcelor Mittal. Norway’s Subsea 7 was up 4.76% as well. Meanwhile, shares in UK’s Tesco were down 4.58%.