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European stocks higher as mining stocks lead gains; Swiss central bank cuts rates

City of London skyline on 10th June 2024 in London, United Kingdom. The City of London is a city, ceremonial county and local government district that contains the primary central business district CBD of London.

LONDON — European stocks were higher Thursday morning, spurred on by overnight gains in Asia-Pacific markets.

The pan-European Stoxx 600 was up around 1% at around 9 a.m. London time, with almost all sectors and major bourses in positive territory.

Mining stocks led the gains, up more than 3.3%, while tech, autos and household goods stocks all rose over 2%, respectively.

The upbeat start to Europe's trading day comes after Asia-Pacific markets rose overnight, with markets in the region led by Japan's Nikkei 225 and Chinese markets extending gains.

Japan's Nikkei climbed 2.12%, while the broad based Topix was up 1.65%, as the Bank of Japan released minutes of its July meeting. Mainland China's CSI 300 extended its winning streak to the seventh day.

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