European Stocks Advance on Economy; Ericsson, Danisco Climb
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European stocks gained for the eighth time in nine days after better-than-forecast U.S. economic data boosted speculation that the recovery is on track.
Ericsson AB rallied 4.3 percent as Svenska Handelsbanken AB upgraded the world’s biggest maker of mobile-phone networks. Danisco A/S, the largest maker of food ingredients, climbed 4.4 percent after earnings topped estimates. BP Plc fell 1.4 percent after being sued by the Obama administration for violation of environmental laws in the Gulf of Mexico oil spill.