European Stocks Gain on Stimulus Bets as U.S. Jobs Miss Estimate
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European stocks climbed, completing their biggest weekly rally in three months, on speculation that the Federal Reserve will opt for further stimulus after a report showed U.S. employers hired fewer workers than estimated.
Banks contributed the most to the Stoxx Europe 600 Index’s advance as Deutsche Bank AG and Barclays Plc each climbed more than 5 percent. Xstrata Plc jumped 3.6 percent after Glencore International Plc increased its offer for the mining company led by Mick Davis. Solvay SA climbed 3.3 percent after NYSE Euronext said it will join France’s CAC 40 Index.