Economics
Europe Stocks Climb After U.S. GDP Growth Beats Forecasts
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European stocks advanced, reversing earlier losses, as a report showed the U.S. economy expanded in the third quarter more than forecast.
The Stoxx Europe 600 Index added 0.6 percent to 330.71 at the close of trading, after falling as much as 1.1 percent. Lenders dragged shares lower earlier after European Banking Authority Chairman Andrea Enria said balance-sheet reviews and last week’s stress tests aren’t foolproof and more may need to be done. Greece’s ASE Index slid 2.8 percent and Portugal’s PSI 20 Index lost 1.5 percent.