Philippe Gijsels News
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German stocks advanced, after the benchmark index posted its longest losing streak since November 2011, as Italy elected a president, and the Bank of Japan’s stimulus policies were unopposed at a Group of 20 meeting.
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German stocks were little changed as the European Central Bank left its benchmark interest rate unchanged and Spain’s borrowing costs fell at the country’s first bond auction of the year.
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German stocks rose as European Central Bank President Mario Draghi said an economic recovery should begin later this year, and companies including Daimler AG and HeidelbergCement AG reported earnings.
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European stocks fell to a five-month low as reports showed U.S. payrolls increased at the slowest pace in a year and the unemployment rate unexpectedly rose, adding to weakening economic data from China and the euro area.
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European stocks climbed, following their longest stretch of monthly gains in six years, as two measures of Chinese manufacturing increased and Greece offered to spend 10 billion euros ($13 billion) buying back bonds.
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European stocks fell for a second day after Ericsson AB and Novartis AG posted earnings that missed analysts’ estimates.
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European stocks declined this week as concern deepened that the region’s debt crisis will spread and a report showed U.S. employers added fewer workers than forecast, fueling speculation the economic recovery is slowing.
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Global stocks fell the most this year, commodities slid and the euro weakened as a plan to help Greece avoid default threatened to unravel and U.S. consumer confidence trailed estimates. Treasuries and costs to protect European debt rose.
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European stocks dropped as investors speculated that China will raise interest rates within weeks to tackle inflation, which accelerated to the fastest pace in 25 months in October.
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European stocks gained as data showed the jobless rate in the U.S. unexpectedly dropped last month even as payrolls were depressed by winter storms.
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