Europe stocks surge as Yellen to maintain stimulus

The European Stocks climbed, thus snapping their two-day losing streak after Janet Yallen said that the U.S. economy has to improve before cutting stimulus. The Stoxx Europe 600 Index advanced 0.8%, while the MSCI Asia Pacific Index surged 0.9%. Among the big gainers was Burberry Group Plc, the share increased by 1.8% after the announcement that their first-half sales exceeded one billion pounds.