European stocks rally on resources as euro slumps: Markets Wrap

News Snapshot:

(Bloomberg) — European stocks rose the most in three weeks as simmering Middle East tensions pushed commodities higher and the prospect of euro-area interest-rate cuts boosted sectors sensitive to borrowing costs. The shared currency tumbled. Most Read from Bloomberg The Stoxx 600 index advanced 0.9%, with mining, energy and technology stocks leading the gains. Brent climbed above $90 a barrel as traders watched how Iran might respond to a deadly attack on its diplomatic compound in Syria last week. Gold hit a record near $2,400 an ounce. Base metals extended a rally on increased supply risks and an improving outlook...