European
stocks advanced, after the Stoxx Europe 600 Index declined last month,
as a report showed manufacturing in the U.S. expanded at a faster pace
in March.
Alstom
SA jumped the most since January 2012 after agreeing to sell a unit to
Triton. Metso Oyj soared 19 percent after Weir Group Plc proposed a
merger with the Finnish maker of rock crushers. ICAP Plc rose 2.6
percent after the world™s largest broker of transactions between banks
forecast full-year profit will meet analysts™ estimates, even as sales
from its broking unit continued to decline.
The
Stoxx 600 gained 0.6 percent to 336.35 at the close of trading. The
benchmark gauge fell 1.1 percent in March amid tension between Russia
and the West over Ukraine™s Crimea region. The volume of shares changing
hands in Stoxx 600 companies today was 15 percent greater than the
average of the last 30 days, according to data compiled by Bloomberg.
American
manufacturing growth accelerated in March, data showed today. The
Institute for Supply Management™s index rose to 53.7 from 53.2 in
February. That missed the median economist estimate of 54.0. Readings
above 50 signal expansion.
Source : Bloomberg
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