Economics
European Stocks Advance Amid Growing Economic Optimism
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European stocks advanced, extending a six-year high, amid optimism the global economic recovery remains on track. Germany’s DAX Index closed above 10,000 for the first time ever.
Banco Popular Espanol SA rose 4.6 percent after JPMorgan Chase & Co. advised investors to buy shares in the Spanish lender. Gecina SA dropped 2.9 percent after Metrovacesa SA offered to sell a 27 percent stake in the French real estate company. Lloyds Banking Group Plc slipped 1.7 percent after its consumer-lending unit set a price range below its book value for its initial public offering.