Europe Stocks Climb Amid ECB Optimism as Commodity Stocks Rally
This article is for subscribers only.
Gains in miners helped propel European stocks to within 0.1 percent of a six-year high amid bets that the European Central Bank will expand stimulus.
The Stoxx Europe 600 Index increased 0.6 percent to 349.34 at the close of trading in London. That’s its highest level since June 10, and Rio Tinto Group pushed a measure of commodity companies to the biggest gain on the gauge. The gauge has rebounded risen 13 percent from an October low as President Mario Draghi said the ECB may broaden its asset-buying program to include government bonds, while central banks in Japan and China boosted measures to support their economies. The ECB will discuss monetary policy tomorrow.