Bloomberg News

European Stocks Advance, Snapping Five-Day Retreat

May 21, 2012

European stocks climbed, after last week’s biggest selloff for the Stoxx Europe 600 Index since September, as China’s pledge to boost growth helped offset concern over the future of the euro area.

The Stoxx 600 gained 0.3 percent to 239.53 at 8:44 a.m. in London, recouping some of last week’s 5.2 percent selloff. The gauge earlier fell as much as 0.6 percent. Contracts on the Standard & Poor’s 500 Index rose 0.7 percent today and the MSCI Asia Pacific Index gained 0.2 percent.

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