Bloomberg News

European Stock Futures Advance

May 22, 2012

European stock futures climbed, indicating the Stoxx Europe 600 Index will rise for a second day, amid speculation China and the euro area will do more to bolster economic growth. U.S. index futures were little changed, while Asian shares rose.

Rio Tinto Group may lead mining shares higher. Sonova Holding AG (SOON) might be active after reporting full-year earnings that missed analysts’ estimates. CRH Plc (CRH) may move after the shares were upgraded at Credit Suisse Group AG.

Futures on the Euro Stoxx 50 Index expiring in June gained 0.7 percent to 2,155 at 7:09 a.m. in London. Futures on the FTSE 100 Index expiring the same month rose 0.7 percent. Contracts on the Standard & Poor’s 500 Index climbed 0.1 percent. The MSCI Asia Pacific Index jumped 1.4 percent.

“Some traders may be getting their hopes up on stories that euro bonds will make an appearance on the agenda at this Wednesday’s European Union summit, but given Germany’s resolute opposition to such a move this may be wishful thinking and any gains short lived,” Jonathan Sudaria, a trader at Capital Spreads in London, wrote in a note to clients.

To contact the reporter on this story: Tom Stoukas in Athens at astoukas@bloomberg.net

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


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