European Stocks Rise to 3-Month High on Stimulus, Reopening Bets
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European stocks rose to their highest level in almost three months, buoyed by optimism about economies reopening and stimulus measures.
The Stoxx Europe 600 Index added 1.6% at the close, its sixth advance in seven days. The DAX Index jumped 3.8% as German markets reopened after a holiday and as Chancellor Angela Merkel seeks to broker a compromise on a second stimulus package. Deutsche Lufthansa AG rose 3.4% after the airline overcame most of the barriers to receiving a $10 billion government bailout.