Europe News
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European stocks rose for a fourth day, pushing the Stoxx Europe 600 Index to its highest level in five months, as a report showed that manufacturing in the U.S. expanded in December at the fastest pace in six months.
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European Central Bank President Mario Draghi agreed to put Belgium’s Peter Praet in charge of the bank’s economics division, ignoring calls from Germany that one of its nationals should keep the job.
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Manufacturing from the U.K. to India showed improvement in December, suggesting production is weathering strains from Europe’s sovereign debt crisis.
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Prime Minister Mario Monti is prescribing more “aspirin” to revive an Italian economy that’s probably in a recession and tackle almost half a trillion euros in debt sales after the worst year on record for Italian bonds.
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