European Stocks Advance on Solid Data Before Rate Decisions
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European equities rose as a report showed the euro area’s economy grew more than expected last quarter, with investors looking ahead to central bank interest-rate decisions this week in the US and UK.
The Stoxx Europe 600 Index gained 0.5% by the close. Construction, industrial goods and insurance stocks gained the most, while miners underperformed as iron ore and copper prices fell. Gross domestic product expanded by 0.3% in the three months through June, helped by resilience in France and Spain while Germany contracted.