Pursuits
European Stocks Rise as Company Earnings Beat Forecasts
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European stocks rose to the highest level since early April as companies reported quarterly earnings that exceeded analysts’ estimates.
Akzo Nobel NV jumped 6.3 percent after posting second-quarter results that beat forecasts. Remy Cointreau SA, France’s second-biggest distiller, increased 6.2 percent on higher revenue. Nokia Oyj surged 12 percent after sales of its flagship smartphone beat analysts’ estimates.