- European stocks advanced, with the Stoxx Europe 600 up 0.6% by midday in London.
- Julius Baer Group rallied after Swiss regulatory action against the bank ended.
- Chip stocks led gains, with ASML Holding NV rising 3.5%.
- Oil and gas companies were the biggest laggards as Brent crude fell below $105 a barrel after flows resumed through a key Saudi pipeline.
Quotes
“European stocks rose as oil prices fell and investors pared bets on interest-rate hikes from the European Central Bank”