European shares advance after Lockhart's speech

Source: Bloomberg
© Scanpix/Associated press
European shares gained, bouncing off a four-week low, as Atlanta Fed's Lockhart backed the Fed's stimulus. The Stoxx Europe 600 Index advanced 0.7% to 300.57 as of 8:04 a.m. London time. The benchmark index dropped to the lowest level in four weeks amid bets the Fed will reduce the stimulus. The Stoxx jumped 1.4% in May, making it the 12th monthly gain in a row.

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