European Shares Rise, But Oil And Mining Stocks Decline

European shares rose on Thursday after a solid earnings season that triggered a series of unprecedented gains, while a decline in oil and metals prices hurt commodity-related stocks.

The pan-European STOXX 600 index rose 0.1 percent by 0824 GMT, with travel and leisure stocks leading the gains. Although the gains in the past few days were limited, the benchmark index has risen 17 times over the past 19 sessions.

The oil sector was one of the biggest losers on the index, down 1.2 percent after crude prices fell on concerns about oversupply and the possibility of China moving towards releasing strategic fuel reserves.

Mining stocks fell 0.8 percent as copper prices in London fell to their lowest level in more than a month.

Shares in ThyssenKrupp, a multi-industry group that includes submarines and steel, jumped 3.6 percent after it said its profit could more than double next year and that it might go public with its hydrogen unit.