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European stocks rose the most in three weeks as investors weighed earnings reports and awaited data that may show American housing and industrial activity increased. U.S. index futures and Asian shares climbed.
The Stoxx Europe 600 Index advanced 0.9 percent. The benchmark gauge slid 1 percent yesterday as Ukraine accused Russia of deploying troops inside its territory and as German investor confidence fell for a fourth month.
A U.S. report may show housing starts rebounded to a 970,000 annualized pace in March, the first increase in four months, from a 907,000 rate in the previous month, according to the median forecast of economists. Separate data may show industrial production increased in March.
Federal Reserve Chair Janet Yellen will address the Economic Club of New York after the close of European markets. The U.S. central bank will also release its economic survey known as the Beige Book.
A report from China showed the world’s second-largest economy posted faster-than-expected growth in the first quarter. Another release showed industrial-output growth in March missed projections.
Tesco climbed 4 percent to 297.8 pence. The U.K.’s largest retailer reported group trading profit of 3.32 billion pounds ($5.6 billion) in the year through Feb. 22, exceeding the 3.23 billion pounds projected by analysts.
Syngenta gained 1.7 percent to 342.2 Swiss francs. The world’s largest maker of crop chemicals said quarterly sales rose 5 percent to $4.68 billion, in line analysts’ estimates.
Burberry Group Plc gained 1.3 percent to 1,440 pence. The U.K.’s largest luxury-goods maker said second-half comparable sales increased 12 percent, surpassing the 10.5 percent increase estimated by analysts.
Credit Suisse lost 1.9 percent to 27.31 francs. The second-biggest Swiss bank said lower investment-bank profit led to a drop in first-quarter net income to 859 million francs ($976 million). That missed the 1.09 billion-franc average estimate.
ASML (ASML) declined 5.8 percent to 58.20 euros. Revenue this quarter will be about 1.6 billion euros ($2.2 billion), the company said. Analysts predict 1.7 billion euros, the average of projections.
FTSE 100 6,567.32 +25.71 +0.39%
CAC 40 4,388.19 +42.84 +0.99%
DAX 9,260.57 +86.86 +0.95%
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