* STOXX 600, DAX, CAC 40 hit record highs
* Airbus boosts French stocks
* BBVA drags down Spanish benchmark index
Nov 15 (Reuters) - European shares hit another record peak
on Monday after comments from European Central Bank Chief
Christine Lagarde helped beat back bets of tighter monetary
policy, while a fall in miners kept gains at bay.
ECB President Lagarde said the current inflation spike will
be longer than once anticipated but would fade next year, so
policy action now would hit the economy just as price growth
starts to moderate on its own.
The continent-wide STOXX 600 index rose 0.4%, while
Germany's DAX index gained 0.3%, as both gauges hit a
new record highs.
"Comments from ECB governor Lagarde highlighted the ongoing
dovishness in the face of inflationary pressures, with their
first rate hike still slated for 2023," Joshua Mahony, senior
market analyst at IG, said.
France's blue-chip CAC 40 also hit an all-time high,
rising 0.5% on a lift from Airbus. The European
planemaker received a multi-billion-dollar order for 255
single-aisle A321neo passenger jets from private-equity firm
Indigo Partners' portfolio airlines.
The STOXX 600 has hit a series of record highs this month as
strong corporate earnings and dovish central bank policy
decisions lifted investor confidence, helping take the focus off
a COVID-19 resurgence in the region.
Meanwhile, the European basic resources index
slipped 1.1% as metal prices tumbled on China's pledge to "phase
down" coal at the COP26 summit.
Data earlier in the day showed retail sales and industrial
output growth last month in the world's second-largest economy
beat expectations, fuelling global investor optimism.
The Austrian government on Sunday became the first European
country to reinstate a fresh lockdown, placing millions of
unvaccinated people under restrictions amid record-level
"Across Europe, there has been further worry with rising
COVID-19 cases, that restrictions could come back into place
even as soon as the Christmas holidays," said Oliver Males,
sales trader at Spreadex .
Among other stocks, Royal Dutch Shell added 2.1%
after saying it would simplify its business and move its head
office to Britain from the Netherlands.
Spanish Bank BBVA was the biggest drag on Spain's
blue-chip IBEX, losing 4.3% on its offer to buy the rest
of Garanti BBVA for up to 2.25 billion euros ($2.6
Shares of Philips, which is recalling ventilators
due to use of parts containing a potentially hazardous foam,
slid 10.6% after the company announced it was in talks with U.S.
regulators following a new inspection of one of its facilities.
(Reporting by Anisha Sircar and Shreyashi Sanyal in Bengaluru;
Editing by Sherry Jacob-Phillips, Aditya Soni and Andrew