European Stocks Rise on China Stimulus Optimism, US Data
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European stocks rose the most in a week after reports on U.S durable-goods orders and pending home sales beat estimates and speculation mounted that China will introduce additional economic stimulus.
Lloyds Banking Group Plc and Barclays Plc followed bank shares higher. Portugal Telecom SGPS SA climbed 3.1 percent after announcing a 200 million-euro ($250 million) share buyback. Glencore International Plc fell after target Xstrata Plc’s second-largest shareholder asked for a higher bid.