European shares advance as China reopens borders after three years

, led by chief executive Michael Stanley, jumped 4.4 per cent to 95.6 cent after the housebuilder issued a strong trading update, saying it delivered 1,525 units last year and that it had full planning permission for all the units it expects to build this year., which last week lowered its completions forecast amid problems securing planning permissions in a timely manner. Still, Glenveagh managed to edge 0.5 per cent higher on Monday.added 2.7 per cent to €3.10.

Industrial metal miners and energy companies gained between 1 and 2 per cent as copper and crude prices climbed on prospects of increased demand after the move by Beijing.fell 12 per cent after it warned its annual operating profit would be slightly below expectations after financial reporting fraud in its Australia-based unit., another gaming stock, slumped 12.6 per cent after the company reported lower-than-expected performance for the second half of 2022 financial year.slipped 0.

Miners added 2.2 per cent as base metal prices advanced on hopes of demand recovery from top consumer China.The Nasdaq was up more than 2 per cent in midafternoon trading with Big Tech and growth stocks spearheading gains on Wall Street as recent signs of a cooling labour market supported bets of a slower pace of interest rate hikes by the Federal Reserve.

Source: News Formal (newsformal.com)

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