Rise in Metal and Mining Shares Bolsters Foreign Markets
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Shares rallied on speculation that global demand for commodities and higher raw-material prices may fuel more takeovers.
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The rising price of oil and of other commodities served as a tonic for the stock market, with energy and mining companies helping to lead the market upward.
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Stocks rose on Wednesday, led by gains in energy and semi-conductor shares.
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Following news that U.S.-based Newmont Mining has increased its stake in Canadian Gabriel Resources Ltd., the company behind a giant mining project under preparation in Romania, Hungarian authorities and ...
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The Australian sharemarket finished sharply higher today as resource giant BHP Billiton helped lead the market to a recovery from yesterday&#39;s falls.
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European shares rose on Thursday with  steel and media stocks in the vanguard after a South Korean  steelmaker's profits more than doubled and Reuters said it  expects a three-year slide in revenue to ease.
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European stocks extended recent gains to 5&frac12;-year highs on Thursday, with miners and oil stocks in the vanguard of the advance as metals and crude prices rose on commodities exchanges.
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European stocks have soared with London's FTSE 100 shares index hitting 6,000 points as investors seized on strong gains by US and Japanese shares, falling oil prices and a buoyant mining sector.
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European equity markets opened higher on Wednesday, lifted by rallying financial stocks and following gains in the US and Asia.
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Bid activity in the steel sector led industrial metals groups higher, but European equity markets remained largely flat on Wednesday as losses for financial stocks weighed.
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The company said profit in the latest quarter rose more than 10 percent on strong sales to mining, energy and construction customers outside the United States.
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Europe's main stock markets have risen in initial trading, with London's FTSE 100 climbing to the highest level since late 2000 on takeover speculation in the mining sector.
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TORONTO (CP) - Higher oil and gold prices along with a financial services sector on the mend fuelled respectable gains on the Toronto stock market Thursday.
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European stock markets rose on Monday, lit up by merger and acquisition news after a bright performance in Tokyo and Hong Kong, dealers said.
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Canadian stocks advanced, paced by gold miners including Barrick Gold Corp. and Meridian Gold Inc., as the price of bullion rose. The Standard &amp; Poor&#39;s/TSX Composite Index added 21.03
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Stocks gained on Monday, as investors snapped up shares of energy and materials companies on a surge in global commodity prices.
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Most Asian markets advanced Monday as Japanese stocks were lifted by gains in metal and machinery shares and Chinese and South Korean markets rose to new records.