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European stocks rise, mining heavy FTSE drops

FXStreet (Mumbai) - The stock markets across Europe advanced on Monday, but the mining heavy London’s FTSE index dropped, tracking the fall in the iron ore prices.

At the time of writing, the pan-European blue chip Euro Stoxx 50 index rallied 0.50%. The Stoxx 600 also advanced 0.30%. The stock markets had opened on a weaker note, but managed to move back into the territory in anticipation of more ECB easing on Thursday.

Among the regional indices, Germany’s DAX was up 0.70%, while France’s CAC was up more than 0.20%. London’s FTSE dropped 0.25%. Italy’s FTSE MIB also added 0.5%.

Germany’s Infineon AG rallied 3%, which means the share is now up more than 25% in November; its best month since March 2010. Meanwhile, shares in UK’s BHP Billiton fell more than 5%, Anglo American fell 3.5% and Glencore PLC dropped 1.61%.

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