European Stocks Climb After Strong Earnings From HSBC, AB InBev
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European stocks rose as better-than-forecast results from companies including HSBC Holdings Plc, Anheuser-Busch InBev NV and Royal Dutch Shell Plc added to optimism for an earnings recovery in the region.
The Stoxx Europe 600 Index rallied 0.7 percent to close at the highest level since August 2015. The benchmark has gained 8.5 percent this year, with annual profit at its members forecast to grow 14 percent.