FTSE leads European stocks rebound amid higher commodities

The London traders cheered the rebound in the commodities’ prices and pushed the commodity-heavy FTSE index higher into the bullish territory, with rest of Europe taking the positive lead from its British counterpart. Both crude benchmarks advance nearly 1%, gold recovers +0.25%, while the copper prices rallies +1.10% so far this session.

Amid a data-light EUR calendar, the European indices received further impetus from a set of corporate news, as markets shrugged-off talks of a Fed rate hike as soon as next month. German biggest lender Deutsche Bank is carrying out an internal investigation into of dishonest proprietary profits. Despite the reports, its shares increased 0.94%. While Shares of UK bookmaker Ladbrokes rallied 10% after a merger with its rival Gala Coral was given clearance.

Meanwhile, Germany's DAX 30 index rises 0.80% to trade at 9,873, while the UK's FTSE 100 index jumps +1.23% to 6,129. Among the other indices, the French CAC 40 index rises +0.86% to 4,320, while the pan-European Euro Stoxx 50 index advances +0.65% to 2,942.