European Stocks Climb for Fifth Day on Euro-Area Growth
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European stocks rose for a fifth day, with the benchmark Stoxx Europe 600 Index advancing to a 12-week high, as a report showed the euro area’s economy emerged from a record-long recession in the second quarter.
Subsea 7 SA, an offshore oil services provider, surged the most in three years after reporting a smaller-than-expected quarterly loss. Rentokil Initial Plc jumped to the highest price in more than two years after reporting an increase in first-half earnings and sales. RWE AG lost 4.5 percent after second-quarter net income missed analysts’ estimates.