European stocks advanced for the third time in four days, pushed higher by drugmakers and Greek equities.

The Stoxx Europe 600 Index added 0.6 percent to 339.87 at the close of trading in London, after earlier climbing as much as 1.1 percent and falling 0.4 percent. Roche Holding AG helped send health-care companies up 0.9 percent, and Greece™s ASE Index climbed 3.8 percent, completing its biggest two-day rally since November.

The broad European benchmark gauge fell 1 percent last week for a second decline, posting its worst start to a year since 2008. It fell 3.7 percent from an almost seven-year high reached Dec. 5 through Jan. 9 amid a plunge in oil prices and Greek equities before the nation holds an election on Jan. 25.

The Stoxx 600 lost 1.3 percent on Jan. 9 amid a slump in Spanish and Italian lenders. The IBEX 35 Index fell the most since September 2012 that day, closing at its lowest level since Oct. 16. At the same time, traders bought up protection should Greece™s potential exit from the euro trigger a domino drop in Spanish and Italian stocks.

Source: Bloomberg