European stocks climbed, bolstered by signs China’s stimulus measures are seeping through into the economy and wagers that global interest rates are approaching a peak.
The Stoxx 600 gauge rose 0.9%, halting three days of losses. Gains were led by resources shares, including mining giants Rio Tinto Plc, Glencore Plc and Anglo American Plc, as metals prices rallied. A gauge of luxury shares, heavily reliant on China for sales, also rose. Energy shares were steady as oil prices eased after earlier hitting their highest levels since November on expectations of supply cuts from the OPEC+ producers group.
US markets will be shut Monday for the Labor Day holiday but futures advanced after the S&P 500 Index posted its best week since June.
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