Europe Stocks Rise on Earnings as Deutsche Bank Up on Reshuffle
- Banks trim gain of up to 1.1% after Morgan Stanley earnings
- Miners fall the most among industries after China GDP data
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A gain in Deutsche Bank AG and positive earnings reports helped push European stocks to a two-month high.
The German lender rose 3.7 percent as it’s undertaking the biggest management reshuffle in more than a decade and splitting up its investment bank. Danone and Metro AG advanced after earnings, while miners fell as data showed China’s economy expanded at the slowest pace since 2009.