Bloomberg News

Europe Futures Climb; Lufthansa, Linde May Gain

March 27, 2012

European stock futures advanced, indicating that the Stoxx Europe 600 Index will gain for a third day, before a report that may show the U.S. real-estate market is stabilizing. U.S. index futures were little changed, while Asian shares jumped.

Deutsche Lufthansa AG (LHA), Europe’s biggest airline by sales, and Linde AG (LIN) may climb after JPMorgan Chase & Co. raised its recommendation on both companies.

Futures on the Euro Stoxx 50 Index, a benchmark for the euro area, added 0.6 percent to 2,485 at 7:03 a.m. in London. Futures on the U.K.’s FTSE 100 Index increased 0.4 percent. Futures on the Standard & Poor’s 500 Index expiring in June rose 0.1 percent, while the MSCI Asia Pacific Index climbed 1.8 percent.

House prices in 20 U.S. cities probably fell at a slower pace in the year to January, economists said before a report today. The S&P/Case-Shiller index of property values in 20 cities dropped 3.8 percent from January 2011, the smallest decline in three months, according to the median forecast of 32 economists surveyed by Bloomberg News.

To contact the reporter on this story: Adria Cimino in Paris at acimino1@bloomberg.net

To contact the editor responsible for this story: Andrew Rummer at arummer@bloomberg.net


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