Pursuits
European Stocks Rise Amid Speculation of Further China Stimulus
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European stocks rose, after falling the most in two months yesterday, amid speculation China may announce new stimulus measures to bolster economic growth and as Spain’s cabinet approved the 2013 budget.
Credit Agricole SA advanced 3.8 percent after saying it may soon sell its Emporiki Greek unit. Opap SA jumped 3 percent after Greece’s Hellenic Republic Asset Development Fund published calls for expressions of interest for the government’s stake in the company. Hennes & Mauritz AB, Europe’s second-largest clothing retailer, slid 5.8 percent as third-quarter profit missed analyst projections.