Europe Stocks Rise on Italy, U.S. Consumer-Spending Data

European stocks rose, pushing the Stoxx Europe 600 Index toward its longest streak of monthly gains since 1997, as Italy formed a new government and as U.S. consumer spending unexpectedly increased in March.

Aberdeen Asset Management Plc surged to its highest price in 12 years after increasing its dividend. Swedish Match AB jumped the most since January 2009 after posting first-quarter profit that beat estimates. Balfour Beatty Plc dropped to the lowest price in 17 months after lowering its full-year profit forecast.