Europe Stocks Rise on Economy as Dollar Gains With China Shares
By
Cleveland Fed President Loretta Mester told reporters Friday that “all meetings are on the table” for the first rate increase in nine years. Photographer: Marlene Awaad/Bloomberg
European stocks rebounded after the biggest decline this year as a gauge of manufacturing increased more than earlier estimated. Bonds fell from Germany to Spain, while the dollar strengthened and Chinese shares climbed.
The Stoxx Europe 600 Index advanced 0.6 percent at 6:22 a.m. in New York. Standard & Poor’s 500 Index futures gained 0.2 percent. The Bloomberg Dollar Spot Index increased 0.3 percent while the euro slipped against all but one of its 16 major counterparts. The yield on 10-year German notes advanced four basis points from Thursday to 0.41 percent and Italy’s rose to 1.53 percent. The Shanghai Composite Index jumped 0.9 percent on stimulus speculation. Oil in New York added 0.4 percent to $59.41 a barrel…
Europe Stocks Rise on Economy as Dollar Gains With China Shares
