Greek stocks, once shunned by investors concerned that a default would force the nation out of the euro, are beating almost every market in the world as a six- year recession eases and new investors consider purchases.
U.K. stocks slid after the European Commission cut its growth forecast for Britain’s largest export partner and as concern over an impending U.S. fiscal crisis overshadowed the re-election of President Barack Obama.
European stocks dropped, paring their biggest monthly gain since July 2009, as some investors remain reluctant to buy equities before the euro area’s leaders explain how they will fund their expanded bailout facility.
Computer and software shares have slumped to the lowest valuations in two decades, a sign to Barclays Wealth and UBS AG they will rebound as Standard & Poor’s 500 Index companies start spending their record cash.
European stocks fell for a third day as data from Japan to Germany added to evidence that global growth is slowing while speculation cooled that Federal Reserve Chairman Ben S. Bernanke will announce more stimulus.