European Stocks Climb for an Eighth Week; Santander Jumps

European stocks rose for an eighth week as German Chancellor Angela Merkel and French President Francois Hollande joined European Central Bank President Mario Draghi in promising to do everything to protect the euro.

Banco Santander SA jumped 14 percent as Spanish lenders led gains on the benchmark Stoxx Europe 600 Index. Barclays Plc, the British lender fined for rigging Libor, climbed 4.9 percent as it posted first-half profit that beat analysts’ estimates. MAN SE slumped 7.4 percent as the German truckmaker controlled by Volkswagen AG cut its earnings forecast for 2012.