European Stocks Rise as Carmakers Gain; Ryanair Climbs on Profit
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European stocks advanced, extending the Stoxx Europe 600 Index’s highest level since June 2008, as the region’s carmakers rallied.
Peugeot SA and Volkswagen AG both gained more than 3 percent as Morgan Stanley raised its recommendation on European automobile companies. Ryanair Holdings Plc jumped the most in more than 1 1/2 years as Europe’s largest low-cost carrier said full-year profit rose 13 percent. Fresnillo Plc slid 3.3 percent as silver slumped to its lowest price since October 2010.