European stocks reverse post-Brexit slump

Optimism that central banks will support growth fuels gain

11th August, 2016

Zurich Insurance added 4.5 per cent after saying earnings fell less than projected. Belgian lender KBC advanced 5.2 per cent after also cutting its forecast for 2016 loan-loss provisions in Ireland.

The Stoxx Europe 600 Index rose 0.8 per cent, erasing an earlier drop to rise for the sixth time in seven days. Optimism that central banks will support growth and a better-than- forecast jobs report in the US have helped fuel the recent gains, with volatility expectations...

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