European stocks rose, rebounding from yesterday’s decline, as investors waited for the Federal Reserve to decide whether to reduce its monthly asset purchases.
The Stoxx Europe 600 Index added 0.9% to 313.99.
About 34% of economists surveyed by Bloomberg on Dec. 6 predicted that the U.S. central bank will decide to reduce its $85 billion monthly bond-buying program after European markets close today.
National benchmark indexes rose in 14 of the 18 western-European markets:
TUI AG advanced 3.8% after unexpectedly posting a full-year profit. Centrica Plc added 1.7% after pledging to return the proceeds from an asset sale to shareholders. Technip SA retreated to its lowest price in more than two years after saying it expects a weaker profit margin at its subsea division next year.
Electrolux AB (ELUXB) rose 3.5% as UBS AG upgraded the home-appliances maker to buy from neutral. The brokerage cited the shares’ recent decline. The stock tumbled 20% from this year’s high on Aug. 2 through yesterday’s close. UBS also said that renewed economic growth in the euro area in 2014 would benefit the maker of dishwashers.
Vestas Wind Systems A/S climbed 5.3% after saying it received an order from Enel Green Power SpA for wind turbines to produce 350 megawatts of power. The Danish manufacturer said that the customer may order turbines capable of producing a further 636 megawatts of electricity.
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