Bloomberg News

European Stocks Advance as Italy Sells Bonds; Vinci Gains

April 27, 2012

Vinci SA led construction shares higher. Photographer: Antoine Antoniol/Bloomberg

Vinci SA led construction shares higher. Photographer: Antoine Antoniol/Bloomberg

European stocks advanced, led by construction companies, as investors awaited a U.S. report on first-quarter economic growth. U.S. index futures and Asian shares retreated.

Vinci SA led construction shares higher. Nobel Biocare Holding AG, the world’s second-biggest dental implant maker, rose after first-quarter profit beat analysts’ estimates.

The Stoxx 600 advanced 0.3 percent to 257.90 at 10:18 a.m. in London. The gauge has rallied 5.5 percent this year as the European Central Bank boosted long-term loans to the region’s financial institutions and U.S. economic reports exceeded forecasts. Futures on the Standard & Poor’s 500 Index slid 0.1 percent today, while the MSCI Asia Pacific Index also slipped 0.2 percent.

To contact the editor responsible for this story: Tom Stoukas at astoukas@bloomberg.net


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