Bloomberg

(Bloomberg) -- European stocks rose for a third day, led by gains in commodity producers.

Anglo American Plc and BHP Billiton Ltd. added 1.5 percent or more, following metal prices higher. Iliad SA rose 1.5 percent after the low-cost mobile-phone company reported an increase in sales for the first quarter.

The Stoxx Europe 600 Index climbed 0.8 percent at 8:05 a.m. in London. Germany’s DAX Index rallied 0.8 percent and the Swiss Market Index added 0.2 percent after markets there were closed for a holiday yesterday.

European shares are poised for their longest advancing streak in two weeks, after losing steam since a peak on April 20. While the Stoxx 600 staged a 16 percent rally from its February low, gains then unraveled as concerns about global-growth prospects and central-bank policy resurfaced amid mixed earnings reports. The benchmark remains 19 percent below a record set last year.

Among other shares active on corporate news, Taylor Wimpey Plc climbed 4 percent after the U.K. homebuilder said it plans to pay a special dividend in July 2017 and increase its regular payout as it generates excess cash.

To contact the reporters on this story: Namitha Jagadeesh in London at njagadeesh@bloomberg.net, Aleksandra Gjorgievska in New York at agjorgievska@bloomberg.net. To contact the editors responsible for this story: Cecile Vannucci at cvannucci1@bloomberg.net, Namitha Jagadeesh

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