German Stocks Climb; Deutsche Telekom Advances, RWE Falls

German stocks advanced for a second day as Deutsche Telekom AG, the nation’s largest phone company, reported earnings that exceeded estimates, outweighing concern that Greece may be forced to leave the euro.

Deutsche Telekom advanced 3 percent for the biggest gain in four months. Solarworld AG rallied 13 percent as profit also beat analysts’ projections. RWE AG declined 1.5 percent after Germany’s second-biggest utility said earnings fell 20 percent as Chancellor Angela Merkel’s nuclear phase-out curbed power-generation earnings.