European Stocks Rally as ECB Agrees on Unlimited Bond Purchases
This article is for subscribers only.
European stocks rallied the most in a month after European Central Bank President Mario Draghi said policy makers agreed to an unlimited bond-purchase program as they try to regain control of interest rates in the euro area.
UniCredit SpA and Societe Generale SA led gains in banks, climbing more than 7 percent. Lonmin Plc, the platinum producer whose main mine has been shut since Aug. 10 because of a strike that led to 44 deaths, soared 7.3 percent after agreeing to open wage talks with labor unions. Whitbread Plc jumped 5.3 percent after sales climbed.