European Stocks Extend Seven-Year High on ECB After Greek Vote
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European stocks rose for an eighth day amid optimism about central-bank stimulus, while Greek shares dropped as opposition party Syriza won the Sunday election.
The Stoxx Europe 600 Index advanced 0.6 percent to 372.39 at the close of trading in London, after earlier losing as much as 0.5 percent. The gauge jumped 5.1 percent last week, its biggest gain in three years, as the ECB unveiled an asset-purchase program worth at least 1.1 trillion euros ($1.2 trillion). The ASE Index slid 3.2 percent, paring a drop that exceeded 5 percent as Prime Minister-elect Alexis Tsipras formed an anti-austerity alliance with the Independent Greeks.