European Stocks Climb as BP, Deutsche Bank Results Top Estimates
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European stocks rose the most in two weeks as companies from BP Plc to Deutsche Bank AG reported earnings that topped estimates and U.S. house prices climbed. Hurricane Sandy closed New York markets for a second day.
BP, Europe’s second-biggest oil company, and Deutsche Bank, Germany’s largest lender, advanced more than 4 percent. UBS AG, Switzerland’s biggest bank, jumped to a 15-month high after raising a profitability goal. Danske Bank A/S tumbled 9.4 percent on plans to sell new shares.