European Stocks Advance as Air Liquide, Rio Tinto, BA Climb |
| BusinessWeek - Feb 15, 2010 |
European stocks rose, extending the Dow Jones Stoxx 600 Index’s first weekly advance in a month, as mining companies climbed and earnings at Air Liquide SA beat estimates.
Rio Tinto Group led commodity producers higher as Credit Suisse Group AG and BofA-Merrill Lynch Global Research recommended the stock. Air Liquide, the world’s biggest producer of industrial gases, gained 1.3 percent. British Airways Plc and Iberia Lineas Aereas de Espana SA increased more than 2.5 percent after their plan for a deeper alliance with AMR Corp.’s American Airlines won approval from U.S. antitrust regulators.
The Stoxx 600 increased 0.4 percent to 241.92. The gauge rose last week for the first time in a month as concern eased that Greece, Spain and Portugal will struggle to curb their deficits and earnings at Swatch Group AG and Xstrata Plc beat estimates. The measure has still fallen 7.1 percent from this year’s high on Jan. 19.
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- Posted: 2010-02-15 14:17:42
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