European Stocks Advance; Vestas Soars as Carlsberg Shares Plunge

European stocks climbed, with the benchmark Stoxx Europe 600 Index rising for a fourth day out of five, as some investors speculated that the 9.2 percent drop in equities this month makes their valuations attractive.

Vestas Wind Systems A/S posted the best performance in the Stoxx 600 after reporting second-quarter earnings that beat analysts’ estimates. Health-care companies rallied as Sanofi climbed 2.8 percent. Carlsberg A/S, the Nordic region’s largest brewer, plunged 17 percent after reducing its full-year outlook.