European Stocks Extend Three-Week High as Energy Producers Climb
Stronger Pound Flexes Its Muscles vs. Euro, Dollar
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European stocks rose for a fourth day, led by energy companies, as weaker-than-forecast U.S. data fueled speculation the Federal Reserve won’t rush to raise rates.
The Stoxx Europe 600 Index added 0.4 percent to 407.87 at the close of trading, reversing an earlier drop of 0.4 percent. Oil stocks rose the most among industry groups. Transocean Ltd. advanced 3.5 percent after the owner of the rig that sank in the Gulf of Mexico in 2010 settled its remaining issues with BP Plc. Shares of the U.K. company gained 1.3 percent.
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European Stocks Extend Three-Week High as Energy Producers Climb