European shares open higher on Airbus boost

Kitco Media
By Reuters
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Reuters
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window) Feb 16 (Reuters) - European shares opened higher on Thursday on a boost from Airbus that also lifted France's blue-chip index close to a record high, while miners led sectoral gainers as prices of commodities rose. The pan-Europe STOXX 600 index rose 0.7%. France's CAC 40 added 0.9% to lead gains among regional peers. Planemaker Airbus gained 2.9%, boosting both indexes. The company targeted 2023 jet deliveries in line with its original estimate for last year, but slowed the production ramp-up of its best-selling A320neo jets. The European basic resources index jumped 1.4% as copper prices in London rebounded from five-week lows amid hopes for a demand recovery in top consumer China. Positive sentiment also spilt over from Asian markets as investors choose to cheer strong U.S. retail sales data as good news for earnings rather than worry about it being likely to support interest rate rises. (Reporting by Shreyashi Sanyal in Bengaluru; Editing by Saumyadeb Chakrabarty)

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