Stocks up in European, Asian markets

Stocks rose in Europe and Asia and US futures advanced after oil retreated and investors increased bets the Federal Reserve will keep borrowing costs on hold next week.

ABB Ltd, the world's largest builder of power networks, and Alcatel-Lucent gained as the Wall Street Journal said the Fed will want to demonstrate their inflation vigilance while giving the economy time to get over its woes. Daimler AG jumped the most in four months after saying it would buy back $9.3 billion of its shares.

Stocks extended gains after Goldman Sachs Group Inc., the biggest US securities firm, reported earnings that topped analysts' estimates.