European Shares Advance as FBI Exonerates Clinton, HSBC Surges
- FBI says Democratic candidate didn’t break law with e-mails
- HSBC climbs the most since April on surprise jump in profit
European Stocks Rally to End 11 Days Without Gains
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A HSBC Holdings Plc-led rally in lenders, and the Federal Bureau of Investigation’s reiterated exoneration of Hillary Clinton’s e-mail usage propelled a rebound in European shares after their worst week since February.
Europe’s largest bank climbed 4.6 percent after posting a surprise jump in adjusted profit and a regulatory decision boosted its key capital ratio. Glencore Plc and Antofagasta Plc rose 5.6 percent or more, pacing miners to the best performance among industry groups in the Stoxx Europe 600 Index as commodities from oil to steel advanced. PostNL NV added 3.8 percent after Belgian mail service Bpost SA revived its approach to its Dutch counterpart.