European Stocks Climb a Third Day as H&M, Ocado Boost Retailers
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European stocks rose for a third day as positive corporate updates boosted retailers and miners rose on data showing an acceleration in China’s economic recovery.
The Stoxx Europe 600 Index closed 0.7% higher, adding to its longest winning streak in a month. Retailers rallied after Hennes & Mauritz AB returned to profit and Ocado Group Plc reported a surge in sales. Miners advanced after Chinese data showed a rebound in consumption as virus restrictions eased, and a bigger-than-expected expansion in industrial production.