European Stocks Rise on Italy President, BOJ Stimulus
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European stocks rose, rebounding from the biggest weekly drop in five months, as Italy elected a president and the Group of 20 refrained from opposing the Bank of Japan’s stimulus policies.
UniCredit SpA climbed 2.7 percent as Italy’s two-year bond yield declined to a record low. Delhaize Group SA surged to a 17-month high as the Belgian retailer’s profit beat estimates. Royal Philips Electronics NV slid for a seventh day after earnings missed projections.