Wall Street

European stocks hit two-week high as commodities rebound

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Reuters UK

(Reuters) – European shares on Monday jumped to their highest level in two weeks, underpinned by miners and oil stocks, as an easing of COVID-19 restrictions in China boosted commodity prices. The continent-wide STOXX 600 index was up 0.7%, as of 0716 GMT, mirroring a sharp rebound on Wall Street late last week on easing concerns about persistently high inflation. [.N] Oil & gas and mining stocks gained 1.5% and 3%, respectively, as commodities rebounded from recent losses on growing fears about a global recession. [O/R][MET/L] Shares of luxury retailers LVMH and Richemont, which rely on China…

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