European shares rise as energy and mining stocks climb

The DAX Index curve is mirrored in a DAX logo on the trading floor of Frankfurt stock exchange, Germany, December 17, 2015. REUTERS/Ralph Orlowski/Files

European stock markets rose on Tuesday, helped by stronger energy stocks which gained ground as oil prices surged on the possibility of output cuts.

Mining stocks also advanced, lifted by a rally in copper prices, while shares in Anglo American (AAL.L) climbed more than 6 percent after the firm’s underlying earnings did not fall as much as some had feared.

The pan-European FTSEurofirst 300 index was up 0.7 percent, building on a 6 percent rise made over the last two sessions.

Shares in Vodafone (VOD.L) slipped slightly after the British phone network operator agreed to combine operations in the Netherlands with Liberty Global (LBTYA.O), with Vodafone paying 1 billion euros ($1.12 billion) in cash to Liberty.

However, shares in French telecoms group Orange (ORAN.PA) rose 1.1 percent after Orange returned to core profit growth a year earlier than planned. Orange added it was still in talks to buy Bouygues Telecom (BOUY.PA).

[Source:- Reuters]