Mining shares push European stocks

London - European shares rose on Thursday as a rally in metals prices pushed basic resources stocks higher, sending the pan-European FTSEurofirst 300 to a new multi-year high and Germany's DAX to a record peak.

The FTSEurofirst 300 advanced 0.4% to 1 548.03 points by 14:00, its highest for seven years, and the DAX rose 0.3% to an all-time peak. The broader STOXX 600 was up 0.4% after hitting its highest level since 2007.

The STOXX Europe 600 Basic Resources index rose 1.6%, to be the top sectoral gainer, after copper hit a six-week high when Chinese trading resumed following a break. Zinc and aluminium both rose about 1.5%.