Europe Stocks Rebound From Three-Month Low; Nordea Gains


24/04/2012 13:37 AST

European stocks rebounded from a three-month low before reports on American consumer confidence and home sales. Asian shares fell and U.S. index futures gained.

TeliaSonera AB (TLSN) climbed 7.1 percent after saying it will receive 22 billion kronor ($3.3 billion) from selling shares in OAO MegaFon and a special dividend as Russia’s second-largest mobile-phone operator prepares for a London initial public offering. Nordea Bank AB (NDA), the Nordic region’s biggest lender, rose 3.8 percent after profit topped estimates. Michelin & Cie. climbed 6.9 percent on increased revenue.

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