European stocks posted the biggest weekly gain this year as the Federal Reserve said its stimulus policy will remain responsive to economic data and as companies from Renault SA to ThyssenKrupp AG beat profit estimates.
U.S. stocks rose, with the Standard & Poor’s 500 Index approaching a record, while Treasuries retreated amid continued confidence in the strength of the world’s largest economy. Emerging-market equities capped the biggest weekly gain in five months, and gold and silver rallied.
Italian banks, which have raised money, sold assets and cut costs to boost capital, may face a shortfall of as much as 15 billion euros ($20 billion) as regulators scrutinize their balance sheets this year.
Banco Popolare SC, Italy’s fourth- biggest bank, was suspended from trade in Milan after slumping the most in more than five years on plans to sell as much as 1.5 billion euros ($2.1 billion) of shares to bolster capital.
European stocks declined this week, with the Stoxx Europe 600 Index posting its worst start to a year since 2010, amid earnings results that missed analysts’ estimates and a rout in emerging-market currencies.