European Stocks Rise Supported by Mining Companies

European stocks rose on Monday as additional evidence of weak growth in China bolstered hopes for economic stimulus measures. The Stoxx 600 index was up 0.2% by 7:03 AM GMT, starting the second half of the year positively after strong gains in the first half. The mining sub-index increased by 1.1% following a rise in the prices of most metals, fueled by expectations of a stronger economic stimulus package from the Chinese government after a survey showed that factory activity in the country slowed down in June. Shares of Assicurazioni Generali jumped 4.3% after the Italian insurance regulator allowed Delfin to own more than 10% of the company. Shares of Tesla listed on the Frankfurt Stock Exchange rose 4.9% after the electric vehicle manufacturer surpassed delivery estimates for the second quarter.