Moderate hikes in the stock of Europe to the weak dollar

European markets extendienden gains the previous session with gains less than 0.5 percent. Investors remain cautious before the devaluation of U.S. currency
The FTSEurofirst 300 index rose 0.13 percent to 994.05 points.
Mining stocks extended gains on Tuesday, while gold climbed to new highs above $ 1,040 an ounce, and copper remained relatively firm. Anglo American, BHP Billiton, Rio Tinto and Xstrata gained between 0.5 and 1.1 percent.
The European benchmark rose 2.2 percent Tuesday, its biggest daily percentage gain in nearly two months and a cumulative gain of more than 55 percent from its record low registered on March 9, driven by investors increasingly confident economic prospects.Some analysts advised caution, saying that much of the recent rise in the stock was due to rising metal prices, fed in turn by the weak dollar.
"Demand for commodities is not growing. Prices of raw materials are fooling us, because they are covered by the layer of the dollar. Scoop layer and raw materials will look weak," said Justin Urquhart Stewart, director at Seven Investment Management .
The insurance sector also rose, benefiting from rising stock markets worldwide. Aviva gained 3.60 percent, while AXA and Prudential jumped more than 1.2 percent.
Energy companies were among the more ground they lost, although the price of oil held above $ 71.Shares of Total, BP, Repsol YPF and Royal Dutch Shell fell between 0.5 and 1.4 percent.
Among the local markets of the region, Britain's FTSE 100 rose 0.1 percent, Germany's DAX 0.16 percent and the Paris CAC-40 climbed 0.23 percent.