"European Stocks" European stocks rise in early trading, with the UK and Spanish stock markets hitting new highs, led by mining stocks

European stocks rose in early trading, with the pan-European index, the UK, and Spanish markets hitting all-time highs, while the Italian market reached a high not seen in over 25 years. The stabilization of the commodity market and the rise of US stocks the previous night (2nd) provided support.

The pan-European STOXX 600 index rose 5.25 points or 0.9% to 622.56 points, reaching a new high of 622.66 points during the session; the UK FTSE 100 index rose 29 points or 0.3% to 10,371 points, hitting a new high of 10,373 points during the session; the French CAC 40 index rose 51 points or 0.6% to 8,233 points; the German DAX index rose 299 points or 1.2% to 25,096 points; the Spanish IBEX 35 index rose 143 points or 0.8% to 18,258 points, reaching a new high of 18,271 points during the session; the Italian FTSE MIB index rose 462 points or 1% to 46,468 points, hitting a high of 46,477 points not seen in over 25 years.

Commodity stocks rose, with Fresnillo, Anglo American, and Antofagasta rising between 3.8% and 4.3%, and Rio Tinto rising 2.1%. A US court ruled that Danish wind power company Orsted could resume its offshore wind project in New York, with the stock initially rising before falling, currently down 1.2%.

In US stock futures, Dow futures rose 53 points or 0.1% to 49,576 points; S&P 500 futures rose 21 points or 0.3% to 7,023 points; Nasdaq 100 futures rose 157 points or 0.6% to 26,007 points.

In the Asia-Pacific stock markets, the Shanghai and Shenzhen markets rose 1.3% and 2.2%, respectively, Hong Kong stocks rose 0.2%, Taiwan stocks rose 1.8%, and Japanese and South Korean markets rose 3.9% and 6.8%, respectively, with Japanese stocks hitting a new high. Indian and Singaporean markets recently rose 2.8% and 1.1%. Australian and New Zealand markets rose 0.9% and less than 0.1%