Bloomberg News

European Stocks, U.S. Futures Climb; ING Groep Shares Advance

June 07, 2011

June 7 (Bloomberg) -- European stocks rose, rebounding from a 10-week low, after European Central Bank President Jean-Claude Trichet signaled his support for new Greek bond purchases. U.S. futures climbed and Asian shares swung between gains and losses.

ING Groep NV gained 1.3 percent as the Dutch bank was said to have received takeover approaches for its U.S. online unit.

The benchmark Stoxx 600 advanced 0.4 percent to 273.1 at 8:27 a.m. in London. The gauge retreated to a 10-week low yesterday as concern mounted that the global economic recovery is weakening. Standard & Poor’s 500 Index futures expiring in June gained 0.5 percent, while the MSCI Asia Pacific Index rose less than 0.1 percent today.

To contact the editor responsible for this story: Will Hadfield at whadfield@bloomberg.net


Silicon Valley State of Mind
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus