Economics
Europe Stocks Rise on Euro-Area GDP, U.S. Confidence Data
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European stocks advanced, posting their biggest weekly gain this year, as better-than-forecast euro-area economic growth and U.S. consumer-confidence reports outweighed worse-than-estimated U.S. industrial output data.
ThyssenKrupp AG rose the most since May after Germany’s largest steelmaker reported first-quarter profit that beat analyst predictions. Fresnillo Plc led a gauge of commodity producers higher as gold and silver prices increased. Schindler Holding AG dropped 1 percent after the maker of elevators said annual profit fell 37 percent.