EDINBURGH, June 2 European shares started the
month positively on Monday, buoyed by strong macro data from
China that helped to allay concerns surrounding economic growth
in the world's biggest metals consumer.
Basic resources stocks, including miners and other
commodity companies, rose 0.9 percent, the biggest sectoral
gainer in Europe, after data showed Chinese factory activity
expanded at its fastest pace in five months in May.
"Chinese data was a shade better than expected; it will
prove a little bit of a boost," Alastair McCaig, analyst at IG
The pan-European FTSEurofirst 300 rose 0.3 percent
to 1,381.31 by 0706 GMT, more than recouping a slight dip on
Germany's DAX rose 0.4 percent, or 42.67 points to
9,985.94, leaving it within touching distance of breaking the
10,000 mark for the first time ever.
(Reporting by Alistair Smout; editing by Blaise Robinson)