Economics
European Stocks Jump Most in Eight Months on Earnings
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European stocks jumped the most in eight months as ARM Holdings Plc and Cie. Financiere Richemont SA reported results that topped estimates and speculation grew that the region’s central bank will cut interest rates.
ARM, the designer of chips for Apple Inc.’s iPhone, soared to a 13-year high on better-than-forecast sales. Richemont surged the most since 2008 as the maker of Cartier jewelry said net income climbed. Prudential Plc led a gauge of insurers higher. Royal Imtech NV sank 5.6 percent after increasing a writedown on projects in Germany.