Europe Stocks Close at One-Year High; Carmakers Gain on Peugeot
Peugeot Maker Exploring Deal for GM's European Division
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European stocks edged higher, completing the longest streak of increases since October, as gains in automakers offset a drop in construction and materials stocks.
The Stoxx Europe 600 Index closed up less than 0.1 percent. Carmakers climbed 1.1 percent, with Peugeot SA among the biggest advancers after the firm’s owner was said to be exploring an acquisition of General Motors Co.’s European business. The FTSE 250 Index of U.K. midcaps rose 0.2 percent to its sixth consecutive record close.