European Stocks Rebound From Biggest Drop in Five Weeks
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European stocks rose, rallying the most in eight months, as investors speculated that the military standoff in Ukraine will not lead to war.
Glencore Xstrata Plc advanced 1.7 percent after increasing its forecast for cost savings following the acquisition of Xstrata Plc. Beiersdorf AG added 2 percent as the maker of Nivea skin cream reported profit that beat estimates and predicted sales will rise as much as 6 percent this year. Ashtead Group Plc rallied the most since 2011 after saying full-year earnings will exceed the company’s previous projections.