Pursuits
European Stocks Climb After France Auctions Debt; Carnival Drops
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European stocks advanced to a five-month high, snapping three days of losses, as France auctioned debt at a lower borrowing cost even after Standard & Poor’s stripped the country of its top credit rating.
Fiat SpA and Daimler AG led a rally in carmakers after Goldman Sachs Group Inc. recommended the industry. Carnival Corp. tumbled 16 percent in London after its Costa Concordia cruise liner ran aground off Italy, killing at least six people. Holcim Ltd. retreated 1.6 percent as the cement maker said it will book a charge in the fourth quarter.