Wed, 17 Oct 2012 09:24:23 GMT
Europe stocks gain on Moody's rating for Spain
European stocks rose on Wednesday, lead by a surge in Spanish stocks after Moody's Investors Service confirmed the country's sovereign rating at Baa3, holding it out of junk level for now. The Stoxx Europe 600 added 0.1% to 274,75. The IBEX 35 soared 1.5% to 8,058.20, while the 10-year Spanish bond yield slid to 5.22%. The CAC 40 gained 0.4%,