European stocks have marked an impressive performance, with the Stoxx 600 index achieving gains for seven consecutive months, marking its longest streak since 2013. This rally, characterized by a 14.4% increase, is driven notably by a surge in mining stocks, with the Stoxx Basic Resources index increasing by 65.6%, and banking stocks, with the Stoxx Banks index rising by 39.9%. This growth aligns with sector trends indicating a resurgence in resource-based industries and an improved lending environment contributing to strength in banking sectors.
Stoxx 600 marks 2nd-best run this century with 7-month rally: mining and banking stocks lead surge
