European Stocks Rise on Earnings; Carlsberg, Wienerberger Gain

European stocks advanced after Carlsberg A/S increased its earnings forecast and Wienerberger AG returned to profit, boosting confidence that the economic recovery can be sustained.

Carlsberg, the Nordic region’s biggest brewer, rose 2.1 percent. Wienerberger soared 9.3 percent after the world’s largest brickmaker posted a second-quarter profit. BHP Billiton Ltd. sank 2.4 percent after Potash Corp. rejected a $39 billion takeover proposal from the world’s biggest mining company. Rivals K+S AG and Yara International ASA rallied.