Economics
Europe Stocks Advance for Longest Streak of 2014 on Fed’s Yellen
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European stocks rose for a fifth day as Federal Reserve Chairman Janet Yellen pledged to continue reducing stimulus as the economy strengthens.
Carmakers posted the biggest gain among 19 industry groups in the Stoxx 600 after Goldman Sachs Group Inc. boosted its growth forecasts for auto sales in western Europe. Michelin & Cie. gained 3.3 percent after maintaining its 2015 earnings projection. Barclays Plc sank 3.8 percent after saying its investment-bank division swung to a loss in the fourth quarter.