(Bloomberg) — Stocks gained as traders weighed the latest dovish comments from a European Central Bank policy maker, while are also awaiting further readings on US inflation for clues on the Federal Reserve’s interest-rate path.
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Europe’s Stoxx 600 climbed about 0.3%. Consumer products and services outperformed, led by Polish e-commerce platform Allegro.eu SA following an earnings beat. Oil majors advanced as Brent crude rose for a second day. Among other movers, renewable-energy producer Encavis AG soared after accepting a €2.8 billion ($3.1 billion) offer from a group led by KKR. Agricultural chemicals maker K+S AG, trading platform IG Group Holdings Plc and arms maker Rheinmetall AG jumped on encouraging results.
Futures on the S&P 500 and Nasdaq 100 posted modest gains. Treasuries were steady, leaving the 10-year yield up around 12 basis points this week. An index of the dollar was little changed.
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