European stocks
advanced, after posting a weekly decline, as investors weighed corporate
results from companies including Carlsberg A/S and Lonmin Plc.
Carlsberg added 3.1
percent after Russias biggest brewer said its markets share improved in
the country as it reported better-than-expected third-quarter profit.
Lonmin climbed to its highest price in seven weeks after saying it didnt
see the need to raise funds this financial year. Nutreco NV jumped 14
percent after a Dutch investment company raised its bid for the
animal-feed maker by 11 percent, fending off a rival approach by Cargill
Inc.
The Stoxx Europe 600
Index rose 0.7 percent to 337.71 at the close, extending gains in the
last 90 minutes of trading. The gauge lost 0.5 percent last week as
banks retreated, and European Central Bank President Mario Draghi said
policy makers are unanimous on boosting monetary stimulus if needed,
while warning that the ECB may have to downgrade outlook forecasts. A
contrarian sentiment index for Europe from BNP Paribas SA extended a
four-year low, indicating that stocks will rally.
Source : Bloomberg
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