European Stocks Rally on Apple, Fiat Earnings; SSL Shares Surge
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European stocks climbed the most in a week as companies from Apple Inc. to Fiat SpA and Accor SA reported better-than-estimated results and Reckitt Benckiser Group Plc agreed to buy SSL International Plc.
ARM Holdings Plc rallied 2.5 percent after Apple posted a 78 percent surge in third-quarter profit. Fiat rose more than 6 percent after the carmaker’s trading earnings topped analysts’ forecasts. Accor soared 5.6 percent after sales at Europe’s largest hotel company beat estimates. SSL jumped 33 percent after Reckitt Benckiser agreed to buy the condom maker for 2.5 billion pounds ($3.83 billion).