Europe Stocks Drift After Asia Gains; Metals Rally

European stocks struggled for traction after two days rising while Asian stocks climbed to the highest in almost a month on continued optimism over global growth. Commodities jumped as metals including aluminum and nickel extended their rally.

The Stoxx Europe 600 Index traded little changed after shares across Asia built on gains from a day earlier. Miners outperformed amid the commodity rally, and energy firms climbed in the wake of an industry report showing crude inventories declining. West Texas oil also rose. U.S. Treasury yields steadied after climbing to 2.87 percent Thursday in the wake of the Federal ReserveA?a��a�?s Beige Book report that showed a solid outlook for the economy despite trade concerns. The yen slipped as U.S. President Donald Trump and Japanese Prime Minister Shinzo Abe agreed to work closely on bilateral trade.

The Stoxx Europe 600 Index climbed less than 0.05 percent at 381.99 as of 8:07 a.m. London time, the highest in more than seven weeks.

Source : Bloomberg

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