Stocks in Switzerland, up the most in 15 months last week, may extend gains as investors speculate the country’s drug- and foodmakers will boost earnings even after the franc reached a record high.
Copper rebounded after sliding into a bear market, gold rose and European stocks climbed for a fourth day on speculation central banks will ease monetary policy. U.S. shares ended little changed.
European stocks rose, extending their highest level since June 2008, after the Bank of England raised its growth forecast for Europe’s third-biggest economy.
Investors seeking to ride a wave of growth in Mexico through the share offering of Banco Santander SA’s unit in the country must look past the difficulties dogging the bank in Spain.
Banco Bilbao Vizcaya Argentaria SA, Spain’s second-biggest lender, plans to take a charge of about 1 billion euros ($1.3 billion) to 2011 earnings after adjusting for goodwill at its U.S. business.
Banco Santander SA Chairman Emilio Botin judged Javier Marin ready to run Spain’s largest bank. Now Marin has to prove himself to investors.
European stocks advanced to a six- year high as companies from Scania AB to Dixons Retail Plc rallied amid heightened mergers-and-acquisitions activity, outweighing a drop in HSBC Holdings Plc which posted worse-than- estimated profit.
"I'm optimistic that we won't see any major failures in the AQR results."
- Andrea Williams on Oct 19, 2014