European Stocks Rebound, Trimming Weekly Losses; Oil Firms Gain
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European stocks advanced, trimming the biggest weekly loss in two months, amid speculation that policy makers have discussed a proposal to drop private-sector involvement from their permanent bailout mechanism.
Royal Dutch Shell Plc, Total SA and Statoil ASA led the rebound, climbing more than 1.5 percent each. Axa SA, the biggest French insurer, jumped 1.7 percent after Goldman Sachs Group Inc. recommended buying the shares. Blacks Leisure Group Plc tumbled after saying it needs more funds to carry out a turnaround.