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European stocks advanced, extending their weekly gain, as investors awaited U.S. consumer confidence data, and a report showed the euro-area economy grew faster in the fourth quarter than anticipated. U.S. stock-index futures and Asian shares were little changed.
The Stoxx Europe 600 Index gained 0.4 percent to 332.64 at 10:24 a.m. in London.
The euro-area economy expanded more in the final quarter of 2013 than forecast, led by Germany and France, data from the European Union’s statistics office in Luxembourg showed today. Gross domestic product in the euro zone rose 0.3 percent after a 0.1 percent increase in the third quarter, beating the median forecast of 0.2 percent in a Bloomberg News survey.
ThyssenKrupp climbed 3.7 percent to 20.43 euros. Adjusted earnings from continuing operations before interest and taxes more than doubled to 247 million euros ($338 million) in the fiscal first quarter, exceeding the 218.7 million-euro average of 10 estimates compiled by Bloomberg.
Anglo American, which runs the world’s biggest platinum producer and Africa’s largest iron ore miner, added 1.4 percent to 1,554.5 pence. The company posted underlying earnings for 2013 of $2.7 billion, beating analyst estimates of $2.38 billion. Full-year sales rose 1 percent to $33.06 billion, while the net loss narrowed to $961 million from a loss of $1.49 billion in 2012.
Schindler declined 3.9 percent to 128.10 Swiss francs after the company said profit in 2013 fell to 463 million francs ($519 million) from 730 million francs a year earlier. Schindler also said sales rose 8.4 percent in local currencies to 8.81 billion francs, beating analyst estimates of 8.76 billion francs.
FTSE 100 6,664.74 +5.32 +0.08%
CAC 40 4,331.36 +18.56 +0.43%
DAX 9,654.66 +57.89 +0.60%
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