Economics
European Stocks Advance as Confidence Data Beat Forecasts
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European stocks advanced, halting a two-day decline, as a gauge of euro-area confidence increased in May more than forecast.
A.P. Moeller-Maersk A/S rose 3.9 percent after Denmark’s biggest company boosted its outlook for 2014 underlying profit. BNP Paribas SA lost 1.3 percent after a person familiar with the matter said U.S. authorities are seeking more than $5 billion to settle charges that the French lender violated sanctions.