LONDON, Nov 22 (Reuters) - Metals and mining shares .SXPP climbed 3 percent on Tuesday underpinning a firm open for Europe's benchmark stock index .STOXX as the global reflation trade in the wake of Donald Trump's victory in the U.S. presidential election continued.
The pan-European STOXX 600 index .STOXX rose 0.7 percent in early trades. The index is still down about 6 percent so far this year.
In the United States, all three major stock indexes set record closing highs on Monday. Small caps also rose, pushing the Russell 2000 index .RUT to a record high close, with the session marking the first time all four indexes hit closing records on the same day since Dec. 31, 1999. .N
The European basic resources index .SXPP , which has now doubled from its January lows, was the best performing sector index after prices of major industrial metals such as copper and aluminum rose 1 to 2 percent. Anglo American AAL.L , BHP Billiton BLT.L and Antofagasta ANTO.L advanced 4.0 to 5.3 percent.
The STOXX Europe 600 Oil and Gas index .SXEP was up 1 percent.
Elsewhere, Genmab GEN.CO rose 4.8 percent after the company received U.S. approval for a drug while Essilor ESSI.PA shares were poised for their worst day in eight years after the firm cut its outlook.