European Stocks Post Biggest Two-Day Rally in 11 Months
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European stocks advanced, with the benchmark Stoxx Europe 600 Index posting the biggest two-day gain in almost 11 months, as China’s cash crunch eased and German consumer confidence topped forecasts.
Colruyt SA jumped the most in almost a year after reporting earnings that beat estimates. Direct Line Insurance Group Plc, the U.K.’s biggest home and motor insurer, rallied 3.8 percent after saying it will cut jobs. GSW Immobilien AG, Berlin’s largest residential landlord by market value, advanced 3.8 percent after saying both its chairman and chief executive officer will leave. Mining companies declined as metals fell.