European stock-index futures rose, indicating the benchmark Stoxx Europe 600 Index will extend its weekly gain, after earnings from Akzo Nobel NV (AKZA) to Apple Inc. (AAPL) exceeded analysts’ estimates. Akzo Nobel may gain after the world’s biggest maker of paints reported increased first-quarter profit. Technology shares may move after Apple’s earnings almost doubled. Accor SA (AC), Europe’s largest hotel company, said sales rose 5.8 percent and confirmed its objective of opening 30,000 new rooms in 2011. Royal KPN NV may fall after lowering its outlook. Futures on the Euro Stoxx 50 Index expiring in June advanced 0.8 percent to 2,868 at 7:22 a.m. in London. FTSE 100 Index futures climbed 0.7 percent and Standard & Poor’s 500 Index futures rose 0.5 percent. The MSCI Asia Pacific Index surged to the highest level in six weeks, adding 1.3 percent. “Equity markets remain in an upbeat mood,” Cameron Peacock, a market analyst IG Markets in Melbourne, wrote in a note. “Earnings and economic news especially out of the U.S. continues to impress.” The Stoxx 600 has risen 0.5 percent so far this week after results from Intel Corp. to PSA Peugeot Citroen and L’Oreal SA spurred investor optimism in the economic recovery. European markets will be closed for a holiday tomorrow. Apple Results Apple, the maker of the iPhone and iPad, said net income in the fiscal second quarter rose to $5.99 billion, or $6.40 a share, from $3.07 billion, or $3.33, a year earlier. Sales jumped 83 percent to $24.7 billion. Analysts predicted profit of $5.39 a share on sales of $23.4 billion, the average of estimates compiled by Bloomberg. Of the 29 companies in the Stoxx 600 that have reported earnings since April 11, 19 have beaten analyst estimates for per-share profit, according to data compiled by Bloomberg. In the S&P 500, 75 percent have topped projections. Morgan Stanley, General Electric Co. and McDonald’s Corp. are among 45 companies in the S&P 500 scheduled to report earnings today. In Germany, a report today may show business confidence declined for a second month in April after oil prices rose to the highest in 2 1/2 years. The Ifo institute’s business climate index, based on a survey of 7,000 executives, will drop to 110.5 from 111.1 in March, according to the median of 38 forecasts in a Bloomberg News survey of economists. Ifo releases today’s report at 10 a.m. in Munich. Akzo, Accor Akzo Nobel reported first-quarter earnings before interest, taxes, depreciation and amortization of 437 million euros ($637 million). The average estimate was for 422 million euros of profit in a Bloomberg survey of 15 analysts. Accor may be active. First-quarter revenue advanced to 1.35 billion euros from 1.28 billion euros a year earlier, the owner of the Motel 6 and Ibis brands said. The average estimate of eight analysts surveyed by Bloomberg was 1.36 billion euros. Nutreco NV (NUO), the world’s biggest maker of fish feed, said first-quarter sales rose 16 percent to 1.24 billion euros compared with the year-earlier period. William Hill Plc (WMH), a U.K. bookmaker with about 2,350 shops, said first-quarter net revenue gained 11 percent, led by a 26 percent increase in online net revenue. KPN may be active. The largest Dutch telephone company lowered its outlook for 2011 earnings before interest, taxes, depreciation and amortization to more than 5.3 billion euros from 5.5 billion euros. Anglo American Anglo American Plc (AAL) may be active. The diversified mining company said copper production declined 14 percent to 138,800 metric tons during the three months to March 31 because of “abnormally high rainfall,” expected lower grades at Collahuasi, and scheduled maintenance and lower grades at Los Bronces. Banca Popolare di Milano Scrl may fall as analysts downgraded the shares. Banco Santander SA cut its recommendation on the Milan-based cooperative bank to “underweight” from “buy” and BofA Merrill Lynch Global Research reduced its rating to “underperform” from “buy.” Holcim Ltd. (HOLN), CRH Plc (CRH) and Cie. de Saint-Gobain SA may be active as JPMorgan Chase & Co. initiated coverage on the stocks, rating them “overweight.” To contact the reporter on this story: Julie Cruz in Frankfurt at jcruz6@bloomberg.net To contact the editor responsible for this story: Andrew Rummer at arummer@bloomberg.net

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