European stocks advanced as companies from ICAP Plc to European Aeronautic Defence & Space Co. rallied after reporting earnings, offsetting German investor sentiment that gained less than forecast in May.
Andrew Popper, chief investment officer at Beauclerc, says "we have had a significant deterioration in investor sentiment in the last few weeks." Popper talks with Bloomberg's Ken Prewitt on Bloomberg Radio's "Bloomberg - The First Word."
The strengthening euro this year may signal investors already expect Greece to leave the currency group, according to the investment chief of the U.K. private banking arm of France’s Societe Generale SA.
European stocks rose for a second day, paring the Stoxx Europe 600 Index’s third straight weekly drop, as stronger-than-forecast U.S. economic growth eased concern the world’s biggest economy will return to recession.