Pursuits
Europe Stocks Climb to Five-Month High; Stoxx 600 in Bull Market
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European stocks advanced, climbing 20 percent from the September low and entering a bull market, after the U.S. Federal Reserve signaled it may keep interest rates low through 2014 and a report said Greece’s creditors will make a new offer for a debt-swap deal.
Commodity shares led gains, with BHP Billiton Ltd. and Rio Tinto Group adding at least 3 percent. Nokia Oyj, the world’s biggest maker of mobile phones, rallied after smartphone shipments beat estimates in the fourth quarter. Petropavlovsk Plc jumped 11 percent after reporting a 24 percent increase in 2011 gold production.