European Stocks Climb to Five-Year High as HSBC Profit Increases

European stocks rose to a five-year high as HSBC Holdings Plc reported increased profit and investors awaited this week’s interest-rate decision from the European Central Bank.

HSBC climbed the most in two months as Europe’s biggest bank said pretax profit gained 30 percent. PostNL NV rallied 7.8 percent after the Dutch postal operator raised its income guidance. Ryanair Holdings Plc tumbled the most in five years after cutting its earnings forecast amid higher competition and a weaker economy. UBS AG and Credit Suisse Group AG fell.