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30 Desember 2013

European Stocks Advance After Christmas; Vestas Rises

Bloomberg, (28/12) -- European stocks rose, with the Stoxx Europe 600 Index posting the longest winning streak in two months, after U.S. jobless claims dropped more than forecast and markets reopened following the Christmas holiday.Vestas Wind Systems A/S climbed 1.8 percent after saying it won an order. Novo Nordisk A/S added 1.1 percent after the U.S. Food and Drug Administration approved one of its treatments. International Personal Finance Plc plunged the most since 2009.The Stoxx 600 rose 1.1 percent to 327.68 at the close of trading, for its sixth consecutive gain, the longest winning streak since Oct. 22. The gauge climbed 2 percent this week and has added 17 percent this year, putting it on course for its largest annual increase since 2009, as the European Central Bank and the Bank of England pledged to leave interest rates near record lows for a prolonged period.The volume of shares changing hands in Stoxx 600 companies was 32 percent lower than the average of the last 30 days, according to data compiled by Bloomberg.In the U.S., a Labor Department report yesterday showed that jobless claims declined by 42,000 to 338,000 in the week ended Dec. 21. The median forecast of 42 economists surveyed by Bloomberg called for a drop to 345,000.