Bloomberg News

European Stock Futures Rise; Peugeot Might Be Active

July 03, 2012

European stock futures climbed as investors awaited a report that may show factory orders stabilized in the world’s largest economy in May. Asian stocks advanced, while U.S. index futures were little changed.

Aberdeen Asset Management Plc (ADN) may move as Credit Suisse Group AG was said to be selling a 7 percent stake in Scotland’s largest money manager for as much as 205 million pounds ($322 million). Swiss Re Ltd. might be active after BlackRock Inc. said it will acquire Swiss Re Private Equity Partners AG. PSA Peugeot Citroen may move as a union official said the carmaker will eliminate more jobs this year than it had announced.

Futures on the Euro Stoxx 50 Index expiring in September added 0.7 percent to 2,298 at 7:08 a.m. in London, while FTSE 100 Index futures added 0.5 percent. The Stoxx Europe 600 Index increased 1.9 percent last week as European Union leaders opened the door to directly recapitalizing lenders using the European Stability Mechanism, the euro area’s permanent bailout fund. The MSCI Asia Pacific Index rose 0.8 percent, while Standard & Poor’s 500 Index futures gained 0.1 percent.

To contact the reporter on this story: Corinne Gretler in Zurich at cgretler1@bloomberg.net

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


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