European stocks climbed this week as companies from Anheuser-Busch InBev NV to Bayer AG posted quarterly earnings that beat estimates and as the European Central Bank said interest rates will remain low.
European stocks were little changed, with the Stoxx Europe 600 Index completing its biggest monthly gain since October 2011, as a report showed the U.S. economy expanded at a faster-than-expected pace.
Anheuser-Busch InBev NV, the world’s biggest brewer, rose the most in more than three years after second-quarter profit growth topped estimates as it improved sales in Brazil and sold higher-priced beers in the U.S.
Anheuser-Busch InBev NV, the world’s biggest brewer, reported first-quarter profit that missed analysts’ estimates and said volume in Brazil may decline this year as business falters in its second-largest market.
SABMiller Plc., the world’s second- largest brewer, will send its Victoria Bitter beer the way of New Coke, discarding a recipe change that saw VB overtaken as Australia’s top seller by Kirin Holdings Co.’s XXXX Gold.