LONDON, Sept 24: European stocks showed mixed fortunes on Monday, as activity centred on the mining and banking sectors.

In London, the FTSE 100 index of leading shares rose 0.48 per cent to 6,487.50 points nearing the half-way mark.

Frankfurt’s DAX 30 dipped 0.10 per cent to 7,786.23 points, while in Paris the CAC 40 edged up 0.08 per cent to 5,705.46 points.

The DJ Euro Stoxx 50 index gained 0.05 per cent to 4,372.55 points.

The euro stood at $1.4119 after earlier hitting a record high 1.4130 on expectations of more US rate cuts.Wall Street finished higher on Friday, capping a strong week, as investors drew confidence from strong results at Oracle Corp and a continued sense that lower interest rates should help bolster the economy.

In London, the FTSE was headed by miners, which gained from rising metals prices. US broker Goldman Sachs raised its price target for spot gold after the precious metal rallied to its highest level since January 1980 on Friday as a result of dollar weakness and expectations for rising demand.—AFP