Europe Stocks Up as Hermes, Swiss Re Beat Estimates

European stocks rebounded from the biggest drop in two weeks as results from companies including Hermes International SCA and Swiss Re Ltd. beat estimates. U.S. equity-index futures advanced, oil gained from the lowest level in almost four months and the yen strengthened.

Should We Be Concerned About Chinese Growth?
48:19 - Kyle Bass, the hedge fund manager who successfully bet against mortgages during the subprime crisis, said China’s banking system may see losses of more than four times those suffered by U.S. banks during the last crisis. Elga Bartsch, Morgan Stanley’s co-chief global economist, told Bloomberg’s Manus Cranny and Anna Edwards on “Countdown” she thinks the Chinese economy is strong enough to withstand any losses accumulated in the financial system.
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