German stocks declined the most in more than a week after Portugal’s government lost the leader of its junior coalition partner, reviving concern that the country will cease its attempts to cut spending.
Swiss stocks climbed, after the Swiss Market Index dropped to its lowest level in six weeks yesterday, as a Federal Reserve official said the bank remains committed to buying assets to stimulate the economy.
Germany’s DAX Index is on course to complete its best year since 2003 this week, with bulls saying the gauge will become the first national benchmark in the euro area to exceed its 2007 peak for earnings.
German stocks climbed as China said it’s supporting efforts to ensure financial stability in the European Union and GfK AG said Germany’s consumer confidence will stay close to the highest level in more than three years.
European stocks climbed for a third day as unexpected growth in the region’s manufacturing and services industries and rising U.K. retail sales eased concern that the economic recovery may be faltering.