Is Fiscal Spending Giving Europe Hope or Hindrance?
European equities hovered near a seven-week high, with investors assessing valuations amid mixed earnings and a slide in commodity producers. Zurich Insurance Group AG added 4 percent after saying earnings fell less than projected. Belgian lender KBC Group NV advanced 4.7 percent after posting better-than-expected profit and revenue and cutting its forecast for 2016 loan-loss provisions in Ireland. K+S AG, Europe’s biggest potash producer, sank 7 percent after saying it expects lower earnings in 2016. Thyssenkrupp AG dropped 1.3 percent after Germany’s largest steelmaker reported a decline in quarterly profit. Miners and energy producers fell for a second day as crude traded below $42 a barrel. Bank of America Merrill Lynch Chief European Economist Gilles Moec discusses with Bloomberg's Francine Lacqua on "The Pulse."