Economics

European Stocks Advance Most in Two Months on Manufacturing Data

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European stocks climbed the most in two months after a gauge of manufacturing in the euro area rose more than forecast and as investors awaited a Federal Reserve meeting starting tomorrow to gauge the timing of stimulus cuts.

Aggreko Plc rallied the most since March after saying net debt will decline. Deutsche Telekom AG advanced 3.8 percent after a report said Sprint Corp. is considering a bid for T-Mobile US Inc. Moncler SpA surged 47 percent on the first trading day for the Italian luxury skiwear maker. UBM Plc fell