European stocks, US futures rise
China Daily | Updated: 2008-12-10 07:56
European stocks advanced for a second day as retailers rallied and investor confidence in Germany unexpectedly improved. US index futures and Asian shares rose.
PPR SA, owner of the Gucci luxury-goods brand, and Home Retail Group Plc jumped more than 4 percent. Q-Cells SE sank 19 percent as the world's largest maker of solar cells reduced its profit forecasts for this year and 2009.
Europe's Dow Jones Stoxx 600 Index added 1 percent to 204.63 at 10:42 am in London after dropping as much as 1.6 percent earlier. Futures on the Standard & Poor's 500 Index expiring this month gained 0.4 percent, while the MSCI Asia Pacific Index increased 0.8 percent.
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