European (SXXP) stocks advanced before reports on factory orders in Germany and Italian economic growth. U.S. index futures and Asian stocks advanced.
Xstrata Plc (XTA), target of a $27 billion takeover bid by Glencore International Plc, rose 1.7 percent after reporting first-half profit that beat analyst estimates. Standard Chartered (STAN) tumbled 16 percent in London, following losses in Asia, after a U.S. regulator said the lender faces suspension of business activities because of transactions with Iranian banks.
The Stoxx Europe 600 Index gained 0.3 percent to 267.63 at 8:32 a.m. in London. Futures on the Standard & Poor’s 500 Index climbed 0.3 percent, while the MSCI Asia Pacific Index increased 0.6 percent.
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