European Stocks Rebound From Two-Day Slide as Vodafone Rallies
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European stocks rose, with the Stoxx Europe 600 Index rebounding from two days of losses, as Italy’s Prime Minister Silvio Berlusconi won a parliamentary vote on the budget yet still lost his absolute majority.
Vodafone Group Plc gained 1.8 percent after increasing its full-year earnings forecast as profit beat analysts’ estimates. Repsol YPF SA climbed 6.3 percent after raising its prediction for recoverable reserves in Argentina. Banks rallied as Societe Generale SA, France’s second-biggest bank, and Lloyds Banking Group Plc, the largest mortgage lender in the U.K., both gained more than 4 percent.