BUZZ-European basic resources hit 2-mth high as miners rally
** European basic resources sector up 4 pct, at levels last seen late December, and top performer in Europe
** Anglo American (LSE: AAL.L - news) star performer on the day - up 7 pct after Jefferies, Macquarie up PT and Sunday Times says co could sell its De Beers unit's London HQ (http://thetim.es/1Q4Tlfk)
** Jefferies ups PT on NPV valuation, but adds that risk to the share price is to downside
** Co top of the Stoxx and the FTSE
** Peers BHP Billiton, Antofagasta (Other OTC: ANFGF - news) , Glencore (Xetra: A1JAGV - news) , Rio Tinto (Other OTC: RTPPF - news) up 4.5-6 pct - near the top of the FTSE 100 (NasdaqGS: Z - news) ; copper hits 2-wk high as the market grows confident about an uptick in steel demand from China
** World's largest producer of steel ArcelorMittal (Other OTC: AMSYF - news) up 6 pct
** Precious metals miners Randgold, Fresnillo (Amsterdam: FN6.AS - news) only sectoral stocks in the red as gold falls on the day (venkateshasoumithri.mamidipudi.thomsonreuters.com@reuters.net)