European Stocks Rally Most in 11 Weeks on Yellen's Comments
Fed Chair Yellen Preps for Two Days of Capitol Hill Q&A
This article is for subscribers only.
European stocks extended gains as Federal Reserve Chair Janet Yellen signaled that the U.S. central bank won’t rush to tighten monetary policy as inflation remains below target.
The Stoxx Europe 600 Index rose 1.5 percent at the close, the most since April. All 19 sectors advanced. The European benchmark yesterday fell to its lowest level since April after Donald Trump Jr. released emails suggesting Russia’s government backed his father’s presidential campaign.