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- European stocks rose
European stocks rose
European stocks rose, rebounding from a one-month low, as Federal Reserve Bank of Atlanta President Dennis Lockhart said the central bank is committed to its stimulus program. U.S. index futures were little changed, while Asian shares increased.
The Stoxx 600 trades at 13.2 times estimated earnings, compared with 14.9 times for the S&P 500 and 13.1 times for the MSCI Asia Pacific, according to data compiled by Bloomberg.
Spain's IBEX 35 Index advanced 0.9 percent as the Labor Ministry said registered unemployment fell by 98,265 to 4.89 million in May from a month earlier. Economists on average had forecast a drop of 50,000.
Santander, Spain's biggest lender, rose 1.2 percent to 5.57 euros. Inditex, the world's largest clothing retailer, added 1.7 percent to 98.84 euros.
Generali, Italy's biggest insurer, advanced 1.3 percent to 14.52 euros after Scor said it will pay about 579 million euros ($757 million) plus an "earnings adjustment" for Generali USA Life Reassurance Co. Scor, France's largest reinsurer, rose 3.3 percent to 22.99 euros.
STMicroelectronics, Europe's biggest chipmaker, gained 4.6 percent to 7.51 euros in Milan after Bozotti said in an interview with Le Figaro that orders have been positive in all regions. The company is seeking an increase of 5 percent to 10 percent in orders this year, according to the newspaper.
FTSE 100 6,569.04 +43.92 +0.67%
CAC 40 3,943.24 +22.57 +0.58%
DAX 8,329.5 +43.70 +0.53%
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