European stocks climb as traders assess strong economic data in Germany and a chaotic cabinet reshuffle in the U.K. that may bode ill for its government's ability to navigate the next stage of Brexit talks.
The Stoxx Europe 600 Index is up 0.2%, with all but two industry groups in the green, led by miners and telecommunications stocks.
The U.K.’s FTSE 100 Index rises 0.4% as sterling weakens after the cabinet reshuffle. Altice NV is the Stoxx 600’s biggest gainer after the company said it will spin off its U.S. cable-television business.
17 out of 19 Stoxx 600 sectors rise. Top Stoxx 600 outperformers include: Altice +8.5%, Wm Morrison Supermarkets +4.5%, J Sainsbury +2.9%, Skanska +2.6%, RWE +2.3%.