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European stocks climbed to a two- month high as the European Commission’s Olli Rehn said the debt crisis can be resolved, outweighing earnings from Alcoa Inc. that missed estimates.
FTSE 100 5,442 +46.10 +0.85%, CAC 40 3,230 +76.24 +2.42%, DAX 5,994 +129.46 +2.21%
National benchmark indexes climbed in all of the 18 western-European markets, except Iceland. Germany’s DAX advanced 2.2 percent and France’s CAC 40 increased 2.4 percent. The U.K.’s FTSE 100 gained 0.9 percent to a two-month high.
Greek banks rallied, with Alpha Bank SA and National Bank of Greece SA soaring at least 15 percent. Burberry Group Plc, the U.K.’s largest luxury-goods maker, climbed 3.5 percent as sales topped forecasts. ASML Holding NV added 6.3 percent after Europe’s biggest semiconductor-equipment maker reported income that beat projections. YIT Oyj, Finland’s largest builder, slid 4.1 percent after cutting its profit outlook.
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