Europe Stocks Rise to Six-Year High; Mining Stocks Rally
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European stocks rose to their highest level in more than six years, as mining companies advanced, and Sky Deutschland AG rallied after British Sky Broadcasting Group Plc said it’s in talks to buy the company.
A gauge of commodity producers jumped the most in almost seven months as JPMorgan Chase & Co. recommended buying shares in miners on signs of a recovery in Chinese demand. Sky Deutschland increased the most in more than two years. Logitech International SA added 6.8 percent as Credit Suisse Group AG advised buying the stock. Alstom SA added 2.8 percent after a report that Siemens AG may improve its offer for the company’s energy unit.