Investors
pushed European stocks higher for a second day before the Federal
Reserve’s much-awaited interest-rate decision, though equities pared
gains in the last hour of trading.
The
Stoxx Europe 600 Index climbed 0.2 percent at the close of trading in
London, trimming an advance of as much as 1 percent. Anglo American Plc
led an advance in miners, up for the first time in 12 days. Energy
producers, leading the rally earlier, ended little changed as oil
slipped.
Among
stocks moving on corporate news, Casino Guichard-Perrachon SA rallied
6.5 percent after saying it will sell assets to cut debt by more than 2
billion euros ($2.2 billion) next year. Rolls-Royce Holdings Plc
advanced 4.9 percent after announcing a management shakeup. Vestas Wind
Systems A/S climbed 4.3 percent as U.S. Congress is set to vote on a
bill that would extend renewable-energy credits. Altice NV surged a
record 13 percent, after reaching its lowest price since April 2014 on
Monday, as Deutsche Bank AG recommended buying the shares.
Dialog
Semiconductor Plc lost 4.8 percent after cutting its fourth-quarter
revenue forecast, and peer ASM International NV dropped 4.6 percent.
Zodiac Aerospace fell 3.7 percent after reporting a decline in quarterly
sales.
Source: Bloomberg
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