(Bloomberg) -- European stocks advanced to the highest in almost 6 1/2 years, led by energy companies and drugmakers after oil rose for a fourth day and Merck & Co. forecast earnings that topped analysts' estimates.
BP Plc led oil and gas producers, the region's worst- performing stocks, to their highest this year, while AstraZeneca Plc paced the biggest increase in drug producers in almost five months. Nokia Oyj and Siemens AG advanced after reports showed the U.S. trade deficit unexpectedly narrowed and core producer prices remained in check.
Read more at Bloomberg Stocks News
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