Andrew Popper News
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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.
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Investors should buy stocks as actions by central banks around the world help prevent economies from slipping back into a recession, according to SG Hambros Bank Ltd.
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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."
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Swiss stocks rose, even as the benchmark index completed its first weekly loss this year, as U.S. data showed hiring and manufacturing expanded last month in the world’s largest economy.
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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.
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Most U.S. stocks retreated, as the Standard & Poor’s 500 Index posted its second straight annual gain, and had its best December since 1991.
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European stocks climbed, extending the benchmark Stoxx Europe 600 Index ’s biggest two-day advance in a month, as mining shares rallied in London.
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U.K. stocks rose to their highest level since April amid optimism that earnings growth in the third quarter is underpinning a recovery in the global economy.
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Germany stiffened its opposition to expanding government-financed aid for debt-plagued euro nations, leaving the European Central Bank to shoulder the bulk of the burden of fighting the crisis.
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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.
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