European Stocks Advance as ING Earnings Exceed Estimates
This article is for subscribers only.
European stocks climbed, with the Stoxx Europe 600 Index extending its highest level since June 2008, as companies from ING Groep NV to Deutsche Telekom AG posted quarterly earnings that beat estimates.
ING added 3.1 percent as it also said it will bring forward the sale of a stake in its European insurer. Deutsche Telekom jumped the most since July. Delhaize Group SA rose 1.4 percent after saying its chief executive officer will step down by the end of this year. Standard Chartered Plc slid the most in nine months after operating profit fell in the first quarter.