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Market Update


European stocks gained for a fourth day, extending a five-month high for the Stoxx Europe 600 Index, as Spain and France sold bonds at lower yields and fewer Americans than forecast filed claims for jobless benefits.

Commerzbank AG led a rally in financial shares, surging 14 percent, after outlining measures to boost capital. Alstom SA, the world’s third-largest power-equipment maker, jumped 13 percent after predicting “strong” orders in its fiscal fourth quarter. Carrefour SA, the biggest retailer in Europe by sales,

dropped 1.6 percent after saying profit was at the lower end end of its forecasts.

Source: Bloomberg