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European stocks open higher, supported by Airbus

European stocks opened higher on Thursday, supported by Airbus, which also lifted the French blue-chip index to near a record high, while mining companies led sectoral gains as commodity prices rose.

The Stoxx 600 index of European shares rose 0.7 percent, and the French CAC 40 index rose 0.9 percent, leading gains among other indices in the region.

Airbus, the aircraft manufacturer, rose 2.9 percent, supporting both indices.

The company aimed to deliver the planes in 2023, in line with its original estimates for last year, but it has slowed the pace of production of its best-selling A320neo.

The European basic resources index jumped 1.4 percent as copper prices rose in London from their lowest level in five weeks, amid hopes for a recovery in demand in China, the largest metal consumer.

Positive sentiment was also extended from Asian markets as investors hailed strong US retail sales data as good earnings news rather than worrying that it could support rate hikes.

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