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30.05.2013 17:20

European stocks close

European stocks climbed, rebounding from a three-week low, as investors weighed data on U.S. economic growth and house sales to gauge the Federal Reserve's view on continuing stimulus measures.

National benchmark indexes climbed in eight of the 17 western-European markets that were open today. The U.K.'s FTSE 100 rose 0.5 percent, while Germany's DAX added 0.8 percent and France's CAC 40 gained 0.6 percent. Trading in Vienna was closed for a holiday.

Lonmin led a rally in precious-metal producers, climbing 5.9 percent to 287 pence in London. Fresnillo advanced 6.2 percent to 1,156 pence, for its biggest advance in six weeks, and Randgold Resources Ltd gained 5.8 percent to 5,225 pence.

Pirelli & C. SpA climbed 3.1 percent to 8.86 euros after Goldman Sachs Group Inc upgraded Europe's third-largest tiremaker to neutral from sell, citing valuations.

Faurecia, which makes car interiors, added 3.8 percent to 16.97 euros after Goldman added the company to its "conviction buy" list.

Market Focus

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