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By Bloomberg

European stocks rose, paring their first weekly drop in three, after companies including Vodafone Group Plc and Air France-KLM Group gained on results.

The Stoxx Europe 600 Index added 0.2 percent to 398.97 at 10:25 a.m. in London, after rising 0.5 percent and falling as much as 0.3 percent. Vodafone climbed 3 percent after service revenue increased more than projected. Air France-KLM rose 2.6 percent after it announced cost cuts and reported profit that fell less than forecast.

“Earnings are fine,” said William Hobbs, head of investment strategy at Barclays Plc’s wealth-management unit in London. “The most important influence on equity market returns will become profit growth. There was a bit of profit taking after a decent rally. Now we just need to wait for earnings to come in and a bit of economic growth.”

The Stoxx 600 is falling after a nine-day rally, down 1.6 percent for the week amid a slump in miners and energy shares.

Among other shares moving on corporate news, Anglo American Plc advanced 2.2 percent after unexpectedly maintaining its interim dividend. Thales SA surged 8.3 percent after first-half sales beat projections.

BASF SE lost 3 percent after reporting earnings that trailed analysts’ projections. Diageo Plc dropped 1.3 percent after saying the U.S. Securities and Exchange Commission is looking into its distribution practices there.

Aggreko Plc tumbled 14 percent after saying it expects full-year profit to fall short of estimates. Lonmin Plc slumped 9.1 percent after saying it may cut as many as 6,000 jobs. Ladbrokes Plc lost 1.9 percent after agreeing to buy Coral Group in a share-exchange deal.

Investors are also watching U.S. reports for clues on when the Federal Reserve will start raising rates, with data on new home sales due later today.