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European stocks rose, rebounding from three days of losses, as companies from Actelion Ltd. to ARM Holdings Plc projected an improvement in financial results.
National benchmark indexes advanced in every western-European market except Iceland. The U.K.'s FTSE 100 Index (UKX) climbed 1 percent, while France's CAC 40 Index rallied 1.5 percent and Germany's DAX Index rose 1.3 percent. The volume of Stoxx 600 shares changing hands was 19 percent lower than the 30-day average, according to data compiled by Bloomberg.
Malaysian Prime Minister Najib Razak said yesterday that the separatists agreed to release the victims' bodies, grant access to the crash site and hand over the two black boxes and data recorders. Ukraine's government blamed pro-Russian rebels for the attack, and the U.S. indicated its belief that the Russian military supplied the missile.
EU foreign ministers in Brussels debated how to exert pressure on Russia to remove obstacles to an investigation of how the flight came down over rebel-held territory. The EU needs a twin-track policy of pursuing diplomacy and taking tougher measures to add pressure on Russia, German Foreign Minister Frank-Walter Steinmeier told reporters before the meeting.
Actelion advanced 2.6 percent to 112.40 Swiss francs. The drugmaker said core earnings will increase at least in the mid-teen percentage range this year, up from a previous growth forecast of a low single-digit percentage. The company reported first-half core earnings of 421 million francs ($469 million), exceeding the 360.3 million-franc average estimate of analysts surveyed by Bloomberg.
ARM jumped 5.7 percent to 881 pence. The chip designer whose products power Apple Inc.'s iPhone and iPad also posted second-quarter adjusted pretax profit of 94.2 million pounds ($161 million), beating the projection of 91.5 million pounds.
IG Group Holdings Plc climbed 7.7 percent to 619.5 pence after announcing a final dividend of 22.4 pence a share. That surpassed the Bloomberg Dividend Forecast of 18.05 pence a share. The British spread-betting firm reported full-year pretax profit of 194.7 million pounds, exceeding the 192.8 million-pound prediction of analysts in a Bloomberg survey.
Credit Suisse retreated 1 percent to 25.84 francs. Switzerland's second-largest bank reported a second-quarter net loss of 700 million francs, the biggest since 2008, after paying $2.6 billion to settle a U.S. tax investigation. The lender also said it will exit commodities trading. Analysts on average had projected a net loss of 691 million-francs.
Publicis Groupe SA lost 4.7 percent to 56.11 euros. The French advertising company said second-quarter sales fell 1.5 percent to 1.76 billion euros ($2.4 billion), missing analysts' estimates, as the euro strengthened and markets including North America shrank.
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