European Stocks Rally as ECB Says Rates to Remain Low

European stocks rose the most in more than two months as the European Central Bank said that interest rates will remain low for an extended period, and Portugal’s political leaders sought to hold their coalition government together. U.S. index futures and Asian shares also climbed.

Banco Espirito Santo SA rallied after sinking 11 percent yesterday. Taylor Wimpey Plc rose 7.1 percent as the U.K. housebuilder said its operating-profit margin increased in the first half. OC Oerlikon Corp. added 3.5 percent after completing the sale of its natural-fibers business.