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European Stocks Rise as Bernanke Says Fed Prepared for Action

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European stocks rose, halting three days of losses for the benchmark Stoxx Europe 600 Index, as Federal Reserve Chairman Ben S. Bernanke said the central bank is prepared to take additional action to support the economy.

Bayerische Motoren Werke AG advanced 4.4 percent as Exane BNP Paribas upgraded the world’s biggest maker of luxury cars. Burberry Group Plc surged 6.5 percent as the U.K.’s largest luxury-goods maker reported first-quarter sales that beat analysts’ estimates. ASML Holding NV tumbled 2.7 percent after Europe’s biggest semiconductor-equipment maker reported second-quarter orders that missed its own forecast.