BLOOMBERG.COM
European stocks advanced as oil trimmed losses after the International Energy Agency said pent-up demand would absorb record crude output. The Stoxx Europe 600 Index rose 0.4 percent, with miners and energy producers pruning losses, as crude pared a drop of as much as 1.5 percent after the IEA forecast. Asian equities fell. New Zealand’s dollar surged to a one-year high after the country’s central bank cut interest rates and signaled a more gradual easing path than some investors had anticipated. Nickel snapped a four-day advance. Ukraine’s 2019 Eurobond fell the most since June amid signs tension is increasing with Russia.
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European stocks advanced as oil trimmed losses after the International Energy Agency said pent-up demand would absorb record crude output. The Stoxx Europe 600 Index rose 0.4 percent, with miners and energy producers pruning losses, as crude pared a drop of as much as 1.5 percent after the IEA forecast. Asian equities fell. New Zealand’s dollar surged to a one-year high after the country’s central bank cut interest rates and signaled a more gradual easing path than some investors had anticipated. Nickel snapped a four-day advance. Ukraine’s 2019 Eurobond fell the most since June amid signs tension is increasing with Russia.
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