U.K. stocks advanced, extending a five-year high, after jobless claims in the country fell more than estimated in January and Bank of England minutes showed more members voted for increasing stimulus measures.
Manchester United, which fired its coach during a disappointing season, said fiscal third-quarter profit tripled as the English soccer team’s revenue rose 26 percent and finance costs declined.
European stocks declined from a 15- month high as concern of a deepening economic slowdown in China overshadowed optimism resulting from the Federal Reserve’s third round of quantitative easing.
U.K. stocks climbed, extending their highest level in 5 1/2 years, as merger and acquisition activity in the utility industry offset a selloff by metal producers.
European stocks were little changed as investors awaited a Federal Reserve monetary-policy decision, while oil and gas companies advanced amid violence in Iraq.
"A weakness in the oil price has conspired to push oil companies lower."
- Richard Hunter on Jan 05, 2015
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