Economics
European Stocks Rise on China Growth Outlook; Rio Tinto Climbs
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European stocks climbed, with the Stoxx Europe 600 Index extending a five-month high, amid speculation that China’s slowest economic growth in more than two years will lead to easier monetary policy.
Daimler AG led carmakers higher, rallying 3.8 percent. Rio Tinto Group advanced 2.9 percent after the world’s third-largest mining company said fourth-quarter iron ore production rose to a record, driven by expansion at its mines and ports in Australia’s Pilbara region.