While you were sleeping European stocks gain

Mon, 27 May 2013

By Margreet Dietz May 28 (BusinessDesk) - European equities advanced as investors judged recent declines as overdone and concern about the end of central bank support premature. Europe's benchmark Stoxx 600 Index ended the day with an increase of 0.3 percent, following last week's 2.1 percent decline as investors worried that the US Federal Reserve might begin to pare its bond-buying program earlier than expected. Germany’s DAX rose 0.9 percent, while France’s CAC 40 climbed 1 percent. Nobel Prize-winning economist Joseph Stiglitz said it w...

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