LONDON, April 10 European shares advanced on
Wednesday, propped up by miners on hopes for an improved outlook
for demand and with technical analysts anticipating the market
to remain buoyant near-term.
The FTSEurofirst 300 was up 0.3 percent at 1,168.57
by 0705 GMT, tracking gains on Wall Street, where the Dow Jones
industrial average closed at a record high on Tuesday.
The euro zone's blue-chip Euro STOXX 50 was 0.4
percent firmer at 2,606.30.
Mining stocks were in favour, boosted by Chinese
trade data which suggested domestic demand from the world's top
metals consumer was gathering pace.
"I can't see Europe breaking aggressively lower while U.S.
equity markets are holding up," Barclays Capital analyst Lynnden
"Once the U.S. equities start to turn, I think we will start
to see the European equities start to break down a little bit,"
he said, noting that should the Euro STOXX 50 breach range lows
at 2,563, it could drop to a late November low of 2,522.