London — Europe’s traders were sending European Central Bank (ECB) president Mario Draghi off in style on Thursday, raising the region’s stocks to their highest in more than a year and nudging the euro towards its best month since January 2018.

Update earnings from Microsoft and Mercedes maker Daimler, along with a ceasefire in northern Syria, lifted the mood. Trade and Brexit uncertainties and some below-par German data prevented even bigger gains...

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