European Indices Rise; BNP Paribas Investors Mark Stock Up as Bank sees Business as Usual
European stock markets move higher as investors focus on the good news within a mixed clutch of economic data, which included a surprise jump in a closely watched gauge of the U.K. manufacturing industry and an unexpected increase in German unemployment. Leading French bank BNP Paribas stages a relief rally after accepting a near-$9 billion fine for violating sanctions on nations America deems off limits, while in Germany infrastructure , construction and engineering services company Bilfinger plummets after warning of a decline in 2014 profit.