Bloomberg News

European Stocks Increase, Erasing Their Earlier Retreat

May 10, 2012

Deutsche Telekom AG gained 3.5 percent as the company posted earnings that exceeded analysts’ estimates. Photographer: Akos Stiller/Bloomberg

Deutsche Telekom AG gained 3.5 percent as the company posted earnings that exceeded analysts’ estimates. Photographer: Akos Stiller/Bloomberg

European stocks rose, erasing earlier declines, as former Greek Finance Minister Evangelos Venizelos attempted to form a coalition government.

Deutsche Telekom AG gained 3.5 percent as the company posted earnings that exceeded analysts’ estimates. KBC Groep NV surged after reporting a smaller-than-estimated drop in profit.

The Stoxx Europe 600 Index added 0.2 percent to 250.13 at 12:42 p.m. in London. Standard & Poor’s 500 Index futures expiring in June added 0.5 percent today, while the MSCI Asia Pacific Index fell less than 0.1 percent.

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


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