Europe Stocks Rise to Highest Since 2008 as Energy Shares Climb
This article is for subscribers only.
European stocks rose to their highest level since 2008 as gains by oil producers outweighed a slump in Swiss shares.
The Stoxx Europe 600 Index climbed 1.1 percent to 352.4 at the close of trading, after earlier losing as much as 0.9 percent. A surprise move by the Swiss National Bank to end a cap on the franc sent the Stoxx 600 fluctuating in yesterday’s session. It closed 2.6 percent up amid speculation the move strengthens the case for quantitative easing by the European Central Bank next week.