Pursuits
Europe Stocks Jump Most This Year on Spain Debt, German Economy
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European stocks rallied the most this year as demand increased at a Spanish debt sale, German investor confidence topped forecasts and the International Monetary Fund boosted its global growth outlook.
Banks contributed the most to the Stoxx Europe 600 Index’s advance as Banco Popolare SC and Barclays Plc climbed. Danone rose 2.9 percent as the world’s biggest yogurt maker reported higher first-quarter sales. Repsol YPF SA plunged 6.1 percent as Argentina took control of the Spanish company’s YPF unit following a dispute over slumping oil output and investments.