European stocks advanced 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.
U.S. equities rose, sending the Standard & Poor’s 500 Index above its record closing level and erasing its 2014 decline, amid confidence the economy is strong enough to weather reductions in monetary stimulus. Industrial metals fell while Ukrainian shares jumped the most since 2010.
HSBC Holdings Plc became the first U.K. lender to reveal its plans to sidestep European Union caps on bonus payments for more than 600 senior managers as it awarded Chief Executive Officer Stuart Gulliver 8 million pounds ($13.3 million) in compensation.
Europe’s biggest stockpiles of natural gas since at least 2009 are damping the threat of any potential disruptions in supplies from Ukraine, the main transit route of Russian fuel to consumers in the west.
Koos Bekker, the South African billionaire who’s stepping down as chief executive officer of Naspers Ltd., said his successor will need to prioritize the company’s e-commerce business to pursue further growth.
IVG Immobilien AG, the German property company that’s lost most of its market value, submitted a plan to a Bonn court to cut its debt by 2.2 billion euros ($3 billion) and issue new shares. The deal would transfer ownership to IVG’s creditors.
Emerging-market stocks fell as Chinese equities slid the most in seven weeks on concern reduced lending to the property industry will curb growth. Ukrainian shares and bonds rallied as prospects for financial aid grew.