Europe Stocks Gain as PBOC Seeks to Allay China Woes; Lira Drops

September 7, 2015 7:25 AM

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European stocks advanced with U.S. equity-index futures, while the yen weakened after the People’s Bank of China said stability is returning to financial markets in the world’s second-largest economy.

The Stoxx Europe 600 Index rebounded from losses Friday and Standard & Poor’s 500 Index futures advanced after PBOC Governor Zhou Xiaochuan said in a statement Saturday that intervention had stopped the free fall in equities and that the yuan is close to stabilizing. While most mainland stocks rose ...

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