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European stocks rose for a second day amid speculation policy makers will reach agreement to contain the sovereign-debt crisis and as the Bank of England expanded its bond-purchase program.
National benchmark indexes rose in every western-European markets except Denmark. France’s CAC 40 Index advanced 3.4 percent and the U.K.’s FTSE 100 Index rose 3.7 percent. Germany’s DAX Index added 3.2 percent.
FTSE 100 5,291 +189.09 +3.71%, CAC 40 3,075 +101.47 +3.41%, DAX 5,645 +172.22 +3.15%
BNP Paribas SA, Credit Agricole SA and Natixis surged after Le Figaro said the French government is working on a contingency plan to take stakes in the country’s lenders. BHP Billiton Ltd., the world’s biggest mining company, rallied 5.9 percent as metal prices increased. SABMiller Plc surged 7 percent after a report the brewer is in talks to be bought by Anheuser-Busch InBev NV.
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