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3/26/11

European Stocks Post Largest Weekly Gain in 6 Months as Japan Angst Eases - Bly Giles Broom

European stocks rose the most in six months this week, as investors speculated that Japan will prevent further radiation leaks from its stricken nuclear plant and the U.S. economy grew at a faster-than-forecast pace.

Deutsche Telekom AG soared 12 percent as AT&T Inc. agreed to buy T-Mobile USA Inc. Cie. de Saint-Gobain, Europe’s biggest provider of building materials, neared its highest price since June 2008. Rio Tinto Plc (RIO) gained 5.7 percent after copper rose and it secured a tax concession from the Australian government.

For more: European Stocks Post Largest Weekly Gain in 6 Months as Japan Angst Eases - Bloomberg

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