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European stocks rose after Asian markets rose on optimism about the Chinese economy, while sentiment was supported by positive earnings reports from the Minera Rio Tinto and Logitech, a maker of computer accessories.
The European STOXX 600 index gained 0.4%, while the German DAX and the French CAC 40 index rose 0.4%, and the London blue-chip index increased 0.7%.
Shares of Rio Nintendo in the United Kingdom rose 1.4% after the company announced a 2.4 % increase in iron ore shipments in the fourth quarter, supported by industrial activities in the world’s largest consumer of ore, China.
Logitech shares jumped 6.9% after the company raised its forecast for 2021 sales and profit growth for the third time, taking advantage of boosted demand driven by the pandemic for work-from-home products and gaming accessories.
