Most Europe Stocks Gain on Greek Debt Optimism


06/08/2012 12:31 AST  Bloomberg

Most European stocks advanced, as the benchmark Stoxx Europe 600 Index extended a four-month high, after Greece and its creditors agreed on the need to strengthen policy efforts to support growth. U.S. index futures were little changed, while Asian shares rose.

Cie. Financiere Richemont SA gained 6.2 percent after the luxury-goods maker forecast a jump in first-half profit. PostNL NV (PNL) tumbled 6 percent after the Dutch company cut its full-year sales forecast.

The Stoxx 600 (SXXP) added 0.1 percent to 265.90 at 10:04 a.m. in London. Five shares on the measure climbed for every two that fell. The gauge on Friday rallied 2.4 percent to the highest since April 2. The Standard & Poor’s 500 Index futures rose 0.1 percent today. The MSCI Asia Pacific Index jumped 1.7 percent.

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