European Stocks Rise to a Six-Year High as Mining Companies Gain
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European stocks rose to their highest level in six years as mining companies rallied, and a report showed builders started work on more houses in the U.S. last month than economists had forecast.
Glencore Xstrata Plc and Rio Tinto Group both climbed at least 1.5 percent, pushing a gauge of commodity producers to its biggest three-day gain since August. Accor SA rose 1.6 percent as Europe’s largest hotel operator said that 2013 profit probably reached the upper end of its forecast. Royal Dutch Shell Plc slipped after saying that higher exploration costs and lower volumes will hurt fourth-quarter earnings.