European Markets Rally on Good Earnings and Better Than Expected Growth in the U.K.

“European stocks climbed for a second day as companies including BASF SE (BAS) andUnilever NV (UNA) posted results that exceeded analysts’ estimates. U.S. index futures and Asian shares also advanced.

Unilever gained 3.8 percent, its biggest advance in three months, after reporting quarterly sales that grew faster than analysts had projected. BASF rose 1.9 percent as profit rose because of increased oil production in Libya. Daimler AG (DAI) slid 3.2 percent after the world’s third-largest luxury carmaker abandoned its profit-margin target for 2013.”

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