Economics
European Stocks Climb, Posting Best Start to a Year Since 1998
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European stocks rose, posting their best monthly start to a year since 1998, as most countries in the region agreed to tighter budget controls, outweighing worse-than-estimated U.S. economic data.
BP Plc and Royal Dutch Shell Plc tracked gains in crude prices. ThyssenKrupp AG added 2.7 percent after selling its stainless steel unit to Outokumpu Oyj. ARM Holdings Plc jumped 2 percent after fourth-quarter revenue topped estimates. European Aeronautic Defence & Space Co. climbed after UBS AG advised buying the shares.