European Stocks Rise as Investors Turn Focus to ECB, U.S. Growth
- Thomas Cook, Lufthansa lead gains in travel-related shares
- U.S., Germany call on Russia, Turkey to deescalate tensions
The Stoxx Europe 600 Index Rose 1.4 Percent
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European shares rebounded from their biggest drop in almost two weeks as investors turned their attention from the Middle East to the prospects for further central bank stimulus and the improving U.S. economy.
Travel-and-leisure shares were among the best performers on the Stoxx Europe 600 Index, with Thomas Cook Group Plc jumping 11 percent after full-year earnings beat estimates and it said demand is holding up despite recent terror attacks. Deutsche Lufthansa AG rose 2.7 percent after cabin crew called off strikes for this week. Better-than-expected dividend announcements pushed LafargeHolcim Ltd., Metro AG and Swiss Life Holding AG up at least 3.7 percent.