European Stocks Advance to Highest Level Since 2008 After DraghiEuropean stocks rose climbed for the first time in five days, sending the Stoxx Europe 600 Index to its highest level in more than six years, after European Central Bank President Mario Draghi said policy makers are prepared to take action in June.

BT Group Plc advanced 2.9 percent as new Internet customers helped earnings beat analysts�� estimates for a sixth quarter. Enel SpA rose 5.2 percent after posting profit that fell less than predicted. Barclays Plc rallied the most in almost 15 months after saying it will cut more jobs. Munich Re slid 1.2 percent as the world��s largest reinsurer reported a profit drop.

The Stoxx 600 climbed 1.1 percent to 339.56 at the close in London, after earlier dropping as much as 0.2 percent. The gauge lost 0.7 percent in the past four days amid earnings disappointments at companies from Fiat SpA to Societe Generale SA and concern over the Ukraine crisis.

The ECB left its benchmark interest rate unchanged at a record low of 0.25 percent today as predicted by all but two of the 58 economists surveyed by Bloomberg. The deposit rate stayed at zero and the marginal lending rate remained at 0.75 percent, matching estimates.

Source : Bloomberg