“European stocks advanced for the third time in four days after lenders including Credit Suisse Group AG (CSGN) reported profits that beat estimates, while minutes showed the Bank of England may reconsider the case for an interest-rate cut.
Credit Suisse, the second-biggest Swiss bank, jumped 4.6 percent after announcing a higher cost cutting-target and boosting capital. Bankia SA (BKIA) surged 10 percent after Economy Minister Luis de Guindos said Spain will block banks selling preferred stocks to retail investors. Ericsson AB, the biggest maker of mobile network equipment, slid 2.9 percent after missing estimates for second-quarter profit.”
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