European stocks advanced, after posting a weekly decline, as investors weighed corporate results from companies including Carlsberg A/S and Lonmin Plc.
Carlsberg added 3.1 percent after Russiaâ€™s biggest brewer said its markets share improved in the country as it reported better-than-expected third-quarter profit. Lonmin climbed to its highest price in seven weeks after saying it didnâ€™t see the need to raise funds this financial year. Nutreco NV jumped 14 percent after a Dutch investment company raised its bid for the animal-feed maker by 11 percent, fending off a rival approach by Cargill Inc.
The Stoxx Europe 600 Index rose 0.7 percent to 337.71 at the close, extending gains in the last 90 minutes of trading. The gauge lost 0.5 percent last week as banks retreated, and European Central Bank President Mario Draghi said policy makers are unanimous on boosting monetary stimulus if needed, while warning that the ECB may have to downgrade outlook forecasts. A contrarian sentiment index for Europe from BNP Paribas SA extended a four-year low, indicating that stocks will rally.
Source : Bloomberg