Metals Rally on Chinese Support, Boosting Stocks; Lira Slides
- Copper to zinc climb to highest levels in at least a week
- European carmakers rise with euro near weakest since April
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Signs China is moving to prop up metals prices boosted aluminum to zinc, helping fuel a second day of gains in European equities. Canadian stocks rallied.
Copper jumped as much as 4.2 percent and aluminum rose the most since early October, pushing up mining shares on the Stoxx Europe 600 Index for the first time in five days. Automakers helped lead the gauge higher as the euro extended losses near a seven-month low. While emerging-market stocks climbed for the first time this week, the increase in metals prices failed to support currencies of commodity-producing nations.