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European Shares Rise for a Second Day, Fueled by Deal Activity

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European equities rose for a second day as deal activity boosted some shares and investors prepared for the earnings season.

The Stoxx Europe 600 Index added 0.1% at the close. Spain’s Telefonica SA jumped after it sold its towers division, boosting telecoms, while French grocer Carrefour SA soared 13% following an approach from Alimentation Couche-Tard Inc. Banks and travel shares underperformed.