European Stocks Climb to Four-Week High as SAP, Volkswagen Jump
- Germany’s DAX Index is the biggest gainer in the region
- More than 480 companies in the benchmark Stoxx 600 advance
Stoxx 600 Driven Higher by Automakers, Earnings
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Technology and auto companies led European equities to a four-week high amid encouraging earnings announcements.
Software maker SAP SE climbed 5.7 percent after reporting second-quarter results that beat analyst projections. ASML Holding NV advanced 3 percent after Europe’s largest semiconductor-equipment maker said sales increased. Volkswagen AG jumped 6 percent after saying first-half earnings exceeded estimates. Anglo American Plc helped drag miners lower, falling 4.8 percent, after cutting its copper production target.