“European stocks rose for a second day, to their highest level in three-and-a-half months, as companies reported earnings that exceeded analysts’ estimates. Asian shares and U.S. futures advanced.
Akzo Nobel NV (AKZA) climbed 6.5 percent after posting second- quarter results that beat forecasts. Remy Cointreau SA, France’s second-biggest distiller, gained 5.2 percent on higher revenue. Hermes International SCA (RMS), the French maker of silk scarves and leather goods, gained 2.9 percent as sales beat expectations. Actelion Ltd. (ATLN) climbed 5.7 percent as it raised its profit forecast for 2012.”
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