European markets extended their rally closing up today. Stocks climbed to a one-month high. Mining companies led the indices after a surge in metal prices.
In London, the FTSE 100 was up 0.4% closing at 6,265.65. Glencore (GLNCY) closed 1.9% up. Anglo American was up 1.45% and Antofagasta Holdings was up 1.22%.
Official numbers issued today by the Office for National Statistics showed that the economy grew by 0.4% in the first quarter of the year, a slowdown from the fourth quarter where the economy grew 0.6%.
In Frankfurt, the Dax closed 0.66% up at 10,272.71 and in Paris the Cac 40 closed at 4,512.64 up 0.69%.
Steel producer ArcelorMittal gained 6.9% on speculation that the European Steel Association petitioned the European Commission to widen its anti-dumping investigation to more countries.
Carmakers also did well in Paris - Peugeot was up 2.68% and Renault was up 2.66%.
Banco Popular Espanol closed down about 26.5% in Madrid after the lender announced plans for a EUR2.5 billion ($2.8 billion) rights issue.