Economics
European Stocks Extend Six-Year High Amid Draghi Optimism
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European stocks rose, extending their highest level in more than six years, amid optimism that measures announced by the European Central Bank last week to increase inflation will help propel equities higher.
Gemalto NV rose 2 percent after saying China Telecom Corp. chose it to supply software for chips that can be used for contactless payments by mobile phone. Bank of Ireland Plc dropped 3.2 percent after U.S. billionaire Wilbur Ross put on sale his remaining shares in the country’s largest lender by assets. Booker Group Plc slid 2.2 percent after Goldman Sachs Group Inc. removed the stock from its conviction-buy list.