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Markets Update Markets Update Stocks European Stocks Climb for Second Day as EON Shares Gain
Markets Update Markets Update Stocks European Stocks Climb for Second Day as EON Shares Gain
Stocks Update
- Details
- Published on Wednesday, 14 March 2012 11:27
- Written by Bloomberg.com
European (SXXP) stocks advanced to the highest level since July as the Federal Reserve raised its economic assessment of the world’s largest economy. Asian stocks and U.S. index futures climbed.
EON AG, Germany’s biggest utility, gained 6.7 percent after it reported 2011 earnings that topped analysts’ estimates. Credit Suisse Group AG and Legal & General Group Plc (LGEN) advanced as a gauge of banks and insurers rallied. Arkema SA, the French maker of plastics additives, fell 4.4 percent as a shareholder is selling as much as 450 million euros ($589 million) of the company’s stock. Full story