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European Stocks Rise as Bernanke Doesn’t Rule Out Bond Purchases

European stocks rose as Federal Reserve Chairman Ben S. Bernanke said he would not rule out further bond purchases to boost growth and reduce unemployment, which he called a “grave concern.”

Hermes International SCA gained 2.3 percent after the maker of Birkin and Kelly bags raised this year’s sales-growth target as first-half earnings beat estimates. Bankia SA climbed 6.3 percent as Spain was said to be considering recapitalizing the country’s largest nationalized lender with its own money.