German Stocks Climb for Third Day; Adidas, BASF Lead Advance
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German stocks climbed for a third day ahead of the results of stress tests on European banks as Adidas AG’s earnings beat estimates and a survey showed business confidence unexpectedly surged.
Adidas rose 2.2 percent after reporting a increase in profit on soccer’s World Cup. BASF SE and Linde AG advanced after Akzo Nobel NV’s second-quarter earnings also topped analysts’ forecasts.