(Bloomberg) -- Metal stocks rose in Europe and Asia
after copper rallied by the daily limit in Shanghai. BHP Billiton
Ltd., the world's largest mining company, and Arcelor Mittal, the
biggest steelmaker, paced the advance.
``It's clear that demand remains strong and that certainly
is an influence on the share prices,'' said Eric Taze-Bernard,
who oversees $1.3 billion as chief investment officer at Invesco
Gestion in Paris. ``Earnings will be less cyclical. That means a
re-rating of the industry'' to higher valuations.
Read more at Bloomberg Stocks News
after copper rallied by the daily limit in Shanghai. BHP Billiton
Ltd., the world's largest mining company, and Arcelor Mittal, the
biggest steelmaker, paced the advance.
``It's clear that demand remains strong and that certainly
is an influence on the share prices,'' said Eric Taze-Bernard,
who oversees $1.3 billion as chief investment officer at Invesco
Gestion in Paris. ``Earnings will be less cyclical. That means a
re-rating of the industry'' to higher valuations.
Read more at Bloomberg Stocks News
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