European Stocks Advance as Leaders Weigh Cyprus Fate
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European stocks climbed, snapping a three-day loss for the benchmark Stoxx Europe 600 Index, as the region’s policy makers weighed options for keeping Cyprus in the euro area.
Deutsche Bank AG and BNP Paribas SA paced a rebound in banks, both rising at least 1 percent. U.K. homebuilders rallied as Chancellor of the Exchequer George Osborne announced a new program to support British housing. Rheinmetall AG lost 6.9 percent after forecasting lower earnings in 2013.