European Stocks Rise for 5th Day as Earnings Trump Greek Plunge
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European stocks climbed as improving earnings and economic indicators outweighed losses in Greek shares that resumed trading after a five-week suspension.
Heineken NV and Commerzbank AG climbed at least 2.3 percent after their results beat estimates. TomTom NV added 2 percent after people familiar with the matter said it’s exploring options that could lead to a sale. National Bank of Greece SA and Piraeus Bank SA slumped 30 percent, leading a record 16 percent drop in the ASE Index, as trading resumed with restrictions in place.