(Bloomberg) -- European stocks rose with U.S. equity-index futures and Portuguese bonds climbed as investors awaited details of the European Central Bank’s bond-buying program. The euro pared losses, while oil gained for a third day in New York. The Stoxx Europe 600 Index added 0.7 percent at 8:10 a.m. in New York, extending gains after the ECB kept rates unchanged. Standard & Poor’s 500 Index futures increased 0.2 percent. The euro was little changed at $1.1075. Portugal’s 10-year yield declined six basis points to 1.83 percent. A gauge of Chinese shares in Hong Kong slid to a one-month low as Asia’s biggest economy cut its 2015 growth target to about 7 percent. Crude rose 0.5 percent to $51.77 a barrel in New York. Investors are looking to ECB chief Mario Draghi for more information on a 1.1 trillion-euro ($1.2 trillion) quantitative-easing plan, being deployed alongside negative deposit rates to fight deflation. Draghi is scheduled to hold a press conference after the rate announcement. Unprecedented stimulus is helping drive borrowing costs to record lows, luring companies from Coca-Cola Co. to Warren Buffett’s Berkshire Hathaway Inc. to tap Europe’s financial markets. While China confirmed its weakest growth target in more than 15 years, data on U.S. jobless claims and factory orders will probably signal America’s economy is strengthening. “The combination of deposit rates negative and QE is a very potent one, so it’s very euro negative,� Robin Brooks, chief currency strategist at Goldman Sachs Group Inc., said in an interview in Sydney. “We have in our forecasts a very pronounced euro downswing, which is probably the most dollar-bullish forecast in all of our forecasts.� Euro Slides The euro fell versus 14 of its 16 major counterparts, slipping 0.1 percent to 132.76 yen. New Zealand’s dollar was the biggest loser on speculation the Reserve Bank will cut interest rates. The pound stayed lower after the Bank of England kept rates unchanged as forecast in a Bloomberg survey. Sterling slipped 0.2 percent to $1.5241. German 10-year bunds were little changed with the yield at 0.39 percent. Spain sold three-year notes at a record-low yield onf 0.18 percent. The Bloomberg Dollar Spot Index added 0.2 percent, rising to its strongest level since the series began at the end of 2004. The yield on 10-year Treasury notes rose one basis point to 2.13 percent. U.S. data releases scheduled for today are likely to be published with slight delays after federal government agencies in Washington were closed due to bad weather. Aviva Plc climbed 6.3 percent after increasing its shareholder payout for 2014 as it reported higher profit. Friends Life Group Ltd., in the midst of being bought by the insurer, advanced 5.9 percent. It also said annual earnings rose. Carrefour Earnings Carrefour SA gained 3.3 percent after France’s largest retailer posted a gain in full-year earnings. Adidas AG advanced 3.2 percent after the world’s second-biggest sporting-goods maker forecast 2015 net income from continuing operations will rise as much as 10 percent. Schroders Plc climbed 2.1 percent after the asset manager said investors poured more money into its funds last year. Continental AG added 2 percent as Europe’s second-largest maker of vehicle parts plans to grow revenue by at least 45 percent by the end of the decade. S&P 500 futures expiring this month were little changed after the index posted its biggest two-day drop in more than a month. The Nasdaq Composite Index, which closed above 5,000 on Monday, has lost 0.8 percent since then. Pharmacyclics Bid Pharmacyclics Inc. rallied 15 percent in German trading after AbbVie Inc. agreed to buy the drugmaker. Costco Wholesale Corp. and Kroger Co. are among three S&P 500 companies reporting earnings. The MSCI Emerging Markets Index fell 0.2 percent, declining for a fifth day in the longest slump this year. The Shanghai Composite Index declined 1.3 percent and Hong Kong’s Hang Seng China Enterprises Index lost 1.2 percent. The Chinese goal of about 7 percent, down from 7.5 percent last year, was given in Premier Li Keqiang’s work report at the annual meeting of the legislature in Beijing Thursday. Policy makers flagged a wider budget deficit this year of about 2.3 percent of gross domestic product, adding fiscal firepower to the monetary stimulus. The Turkish lira fell for a seventh day, reaching record lows for the past three, as the government keeps up pressure on the central bank to cut interest rates. The lira weakened as much as 1.5 percent to 2.5999 per dollar, and the Borsa Istanbul 100 Index slid 2.1 percent. Turkey Rates Economy Minister Nihat Zeybekci said on state TV channel TRT on Wednesday that the central bank should lower interest rates and there’s no need to worry about currency weakness. Policy makers should have cut rates twice more than they have by now, he said. The central bank has lowered its benchmark rate by 2.5 percentage points since it more than doubled it to 10 percent in January 2014 to stem a rout in the lira. Russia’s Micex jumped 0.9 percent and bonds gained for a third day, pushing the five-year yield down nine basis point to 13.89 percent, a one-week low. The ruble gained 1.1 percent. Inflation accelerated to 16.7 percent in February from a year earlier, the fastest pace in almost 13 years and matching the median estimate in a Bloomberg survey. Oil gained amid signs that supply growth at the biggest storage hub for crude in the U.S. may be slowing and demand is improving. Stockpiles at Cushing, Oklahoma, the delivery point for West Texas Intermediate, expanded by 536,000 barrels through Feb. 27, according to the Energy Information Administration. Prior to that, supplies at the hub had grown by more than 1 million barrels each week this year. Brent crude added 0.7 percent to $60.97. To contact the reporters on this story: Nick Gentle in Hong Kong at ngentle2@bloomberg.net; Stephen Kirkland in London at skirkland@bloomberg.net To contact the editors responsible for this story: Stephen Kirkland at skirkland@bloomberg.net; Stuart Wallace at swallace6@bloomberg.net Stuart Wallace

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