(Boursier.com) — The basic resources and energy compartments outperformed the market in Europe, boosted by the strength of black gold prices (which consolidated slightly on Tuesday) and the rally of several metals. Copper, aluminum and nickel are gaining ground as production disruptions put pressure on prices in a market already facing alarming inventory levels, while investors expect more stimulus measures in China for the infrastructure and real estate sectors. Aperam, ArcelorMittal and Eramet progressed in the morning, as did Maurel&Prom, Esso and Rubis.
Leading the CAC40, TotalEnergies also benefited from the announcement of higher-than-expected refining margins in Europe in the first quarter, as well as higher crude and gas prices than in the previous year.
©2022 Boursier.com