Pursuits
European Stocks Climb to 18-Month High on Fed Stimulus Optimism
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European stocks advanced to an 18-month high amid speculation the U.S. Federal Reserve will expand stimulus measures and as German investor confidence in November beat forecasts.
ThyssenKrupp AG, Germany’s biggest steelmaker, jumped 5.6 percent after saying the sale of its Steel Americas unit is on track. Suez Environnement Co. climbed the most in more than three months after GDF Suez Chief Executive Officer Gerard Mestrallet said his company will retain its stake in Europe’s second-largest water utility. Diageo Plc slid 1.6 percent after it ended talks to acquire the Jose Cuervo tequila brand.