Biggest Surge in Banks Since 2011 Sends Europe Shares Up 4th Day
- All industry groups rise; Italy leads the region's markets
- The U.K.'s FTSE 100 has erased annual losses, joining the U.S.
A Bullish Equities View With BlackRock's Richard Turnill
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Europe’s equities climbed the most in a month, with banks posting their biggest surge since October 2011, on optimism that China’s economy is stabilizing.
Commodity producers led gains after data showed that China’s exports jumped the most in a year and declines in imports narrowed. The U.K. market, rich in miners, advanced, with the FTSE 100 Index turning positive for 2016. The region’s lenders, which suffered the most in the first quarter, surged 6.3 percent as a group.