European stocks swung from an earlier decline to climb, buoyed by a rally in steelmakers ArcelorMittal and Salzgitter AG.
The Stoxx Europe 600 Index rose 0.3 percent to 396.75 at 1:24 p.m. in London, reversing a drop of as much as 0.9 percent. ArcelorMittal and Salzgitter jumped more than 5 percent after the European Union widened a competition investigation, opening up the prospect of tariffs on non-stainless steels from China and Russia.
The FTSE MIB Index advanced 0.8 percent, among the best performers in western European markets, as insurer Assicurazioni Generali SpA climbed 2.4 percent after reporting an increase in profit.
European stocks fell with German equities in the past two days amid a stronger euro and a rout in fixed-income markets. The Stoxx 600 has dropped 4.2 percent from an April record, trimming its annual rally to 16 percent.
Markets including Switzerland, Sweden and Denmark are closed for a holiday today. The volume of shares changing hands in Stoxx 600 companies was 18 percent lower than the 30-day average, data compiled by Bloomberg show.
The Stoxx Europe 600 Index rose 0.3 percent to 396.75 at 1:24 p.m. in London, reversing a drop of as much as 0.9 percent. ArcelorMittal and Salzgitter jumped more than 5 percent after the European Union widened a competition investigation, opening up the prospect of tariffs on non-stainless steels from China and Russia.
The FTSE MIB Index advanced 0.8 percent, among the best performers in western European markets, as insurer Assicurazioni Generali SpA climbed 2.4 percent after reporting an increase in profit.
European stocks fell with German equities in the past two days amid a stronger euro and a rout in fixed-income markets. The Stoxx 600 has dropped 4.2 percent from an April record, trimming its annual rally to 16 percent.
Markets including Switzerland, Sweden and Denmark are closed for a holiday today. The volume of shares changing hands in Stoxx 600 companies was 18 percent lower than the 30-day average, data compiled by Bloomberg show.
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