European shares rise as China optimism lifts miners

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The pan-European STOXX 600 index was up 0.5% by 0813 GMT, after falling for six sessions in a row.

China’s Premier Li Qiang said the country’s economic growth in the second quarter would be higher than the first and was expected to reach the annual economic growth target of around 5%.

Miners were the top sectoral gainers on the STOXX 600, up 1.4% as prices of gold and other metals rose, while the financial sector was also a big boost led by the gains in China-focused firms including insurer Prudential Plc.

Investors will also focus on comments from European Central Bank President Christine Lagarde at a conference in Sintra later in the day for more clues on future monetary policy.

JD Sports Fashion, however, fell 4.1% to the bottom of the STOXX 600 after the company flagged some softening in trade in its North American business in June.