Economics
European Stocks Rise to a Six-Month High; Bank Shares Lead Gains
This article is for subscribers only.
European stocks advanced to a six-month high, with the Stoxx Europe 600 Index extending its best start to a year since 1998, as gauges of manufacturing increased from America to the euro area to China.
Banks and carmakers led gains. ICAP Plc jumped 7.7 percent after saying annual pretax profit will be at the “upper end” of the range of analysts’ estimates. RWE AG climbed 4.9 percent after Morgan Stanley added the stock to its best ideas list.