BLBG: European Stocks Advance As Banks, Automakers Rally
European (SXXP) stocks rose, rebounding from a three-day decline, as carmakers and banks rallied. U.S. index futures fluctuated, while Asian shares retreated.
The Stoxx Europe 600 Index climbed 0.3 percent to 251.41 at 9:26 a.m. in London, erasing an earlier drop. The benchmark measure slipped 4.3 percent over the past three days on concern Greece will default and more Spanish regions will follow Valencia in seeking a central government bailout. Standard & Poor’s 500 Index futures expiring in September gained 0.2 percent today, while the MSCI Asia Pacific Index slid 1 percent.
To contact the reporter on this story: Namitha Jagadeesh in London at njagadeesh@bloomberg.net
To contact the editor responsible for this story: Andrew Rummer at arummer@bloomberg.net
