European benchmarks rose Wednesday on the back of solid gains in the mining and resources sectors as well as an upbeat set of economic reports released during the session.
Mining stocks continued to rebound from last week's losses, supported by solid gains for metals futures prices in London and a string of encouraging economic numbers to have emerged from China earlier in the week.
Chinese industrial production numbers showed the steel industry remaining in rude health during the recent month while data from the People's Bank of China showed the banking sector's NPL ratio remaining steady and net profits growing at a double digit pace in the second-quarter.
The FTSE 100 rose 0.70% to 7,440 in London while the CAC 40 added 1.06%% to 5,194 on the other side of the English channel in Paris. In Frankfurt, the DAX index was also up by 0.96% to 12,293 while, in Southern Europe, the IBEX and the FTSE MIB were up 0.80% and 1.3% respectively.