European Stocks Climb on Telecom Boost After Vodafone Results
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European stocks advanced as Vodafone Group Plc boosted telecommunication shares, while investors assessed risks from easing lockdown measures.
The Stoxx Europe 600 Index rose 0.3% at the close. Telecoms led the advance among sectors, with Vodafone up 8.7% after its organic service revenue growth beat forecasts. Utilities and retailers also outperformed, while real estate and travel and leisure stocks slipped.