Pursuits
Europe Stocks Rise to 13-Month High, Completing 11th Weekly Gain
This article is for subscribers only.
European stocks advanced to a 13-month high, rallying for the 11th successive week, amid optimism policy makers will take steps to protect the region’s banks and as American consumer sentiment and leading economic indicators beat forecasts.
Swiss Life Holding AG, Switzerland’s biggest life insurer, gained 3.1 percent after reporting first-half earnings that beat estimates. Bankia SA climbed 4.9 percent on speculation the Spanish lender will shortly receive bailout funds. Heineken NV slid 1.5 percent on a report it may raise its bid for the rest of Asia Pacific Breweries Ltd.