Economics
Europe Stocks Climb as U.S. Economy Grows at Fastest Since 2011
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European stocks rose, rebounding from a four-week low, as data showed the U.S. economy expanded in the second quarter at the fastest rate since the last three months of 2011.
Total SA advanced 2.3 percent following a report that it may sell a stake in the Gulf of Mexico’s Tahiti oil field. Air France-KLM Group dropped 1.7 percent after the board said pilot demands don’t fit with its plan for a low-cost model. J Sainsbury Plc lost 3.1 percent as data from researcher Nielsen Holdings NV showed 12-week sales at the grocer fell 1.8 percent. A gauge of retail companies fell the most of the 19 industry groups on the Stoxx Europe 600 Index.