European stocks rose, halting a two-day drop, as investors awaited interest-rate decisions from the European Central Bank and the Bank of England, and Portugal’s political leaders sought to hold the coalition government together.
Banco Espirito Santo SA led Portuguese lenders higher after sinking 11% yesterday.
Taylor Wimpey Plc rose 4.4% as the U.K. housebuilder said its operating-profit margin increased in the first half.
OC Oerlikon Corp. added 1.8% after completing the sale of its natural-fibers business.
The Stoxx Europe 600 Index increased 0.7% to 287.34, paring the gauge’s retreat from its 2013 high on May 22 to 7.5%.
According to experts' opinion, we’ve seen slightly more positive
tones out of Portugal in the last hours which gives markets some relief.
This supports markets for now, and probably some expectations about a
dovish ECB are building ahead of today’s press conference. Volume is
thin out there since the U.S. is closed.
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