Most European Stocks Advance as IMF Seeks Boost to Resources
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Most European stocks rose as the International Monetary Fund said it plans to raise as much as $500 billion to expand its lending resources and Greece neared a debt deal with its private creditors.
Accor SA advanced 4.3 percent as the French hotelier said sales increased in 2011 and confirmed its profit forecast. Commerzbank AG declined 1.7 percent as Moody’s Investors Services lowered the financial-strength rating of Germany’s second-biggest lender.